MDA Space Ltd. announced that it has priced a private placement offering (the "Offering") and entered into an underwriting agreement to sell, pursuant to the Offering, CAD 250 million aggregate principal amount of 7.00% senior unsecured notes due 2030 (the "Notes"). The Offering is expected to close on or about December 23, 2025, subject to customary closing conditions. The Notes will be issued at a price of CAD 1,000 per CAD 1,000 principal amount of Notes.
The Notes will be senior unsecured obligations of the Company, ranking pari passu in right of payment with all existing and future senior unsecured indebtedness of the Company, and will be guaranteed by certain of the Company's subsidiaries. Interest on the Notes will accrue at a rate of 7.00% per annum, payable semi-annually in arrears on June 23 and December 23 of each year, commencing on June 23, 2026.
