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MDA SPACE ANNOUNCES CLOSING OF C$600 MILLION OFFERING OF SENIOR UNSECURED NOTES DUE 2033
MDA Space Ltd. ("MDA Space" or the "Company") (TSX: MDA) (NYSE: MDA), a trusted mission partner to the rapidly expanding global space industry, announced today that it has successfully closed its previously announced private placement offering (the "Offering") of C$600 million aggregate principal amount of 6.50% senior unsecured notes due 2033 (the "Notes").
About this update from Mda Space Ltd
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ TORONTO, Aug. 5, 2026 /CNW/ -- MDA Space Ltd. ("MDA Space" or the "Company") (TSX: MDA) (NYSE: MDA), a trusted mission partner to the rapidly expanding global space industry, announced today that it has successfully closed its previously announced private placement offering (the "Offering") of C$600 million aggregate principal amount of 6.50% senior unsecured notes due 2033 (the "Notes"). The Notes were offered through a syndicate of underwriters led by RBC Capital Markets, BMO Capital Markets and Scotiabank. The Company intends to use the net proceeds from the Offering to fund a portion of the purchase price for the acquisition of Blue Canyon Technologies LLC ("BCT") (the "Acquisition"), which was previously announced by the Company on June 19, 2026, and acquisition-related fees and expenses. Once completed, the Acquisition is expected to provide MDA Space with a strategic business and manufacturing footprint to capitalize on growing demand in the U.S. government market for defence space missions. The Acquisition is expected to close by the end of 2026, subject to customary closing conditions. In the event the Acquisition does not close, the Company will be required to redeem all of the outstanding Notes at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest. The Notes were offered for sale in each of the provinces of Canada to "accredited investors" on a private placement basis, in reliance upon exemptions from the prospectus requirements under applicable Canadian securities laws. The Notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and were offered in the United States only to qualified institutional buyers, pursuant to Rule 144A of the U.S. Securities Act, and outside the United States in offshore transactions in reliance upon Regulation S under the U.S. Securities Act. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any offer or sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful. About MDA Space Building the space between proven and possible, MDA Space (TSX:MDA) (NYSE:MDA) is ...