MDA Space C$250m 7.00% senior unsecured notes due 2030
Refinance outstanding borrowings under the credit agreement
Key terms
- Borrower or issuer
- MDA
- Date
- 4 Dec 2025
- Type
- Bond
- Amount
- C$250m (US$180m)
- Pricing
- 7.00% coupon; issued at par
- Maturity
- 2030
Recorded terms
- Structure
- Private placement of senior unsecured notes guaranteed by subsidiaries; closing on or about 23 December 2025
- Lenders and arrangers
- RBC Capital Markets, BMO Capital Markets and Scotiabank (lead underwriters)
- Country
- Canada
Parties
- MDA borrower or issuer
- bookrunner/arranger: RBC Capital Markets, Scotiabank, BMO Capital Markets
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 5 Mar 2026 | Eutelsat €1.5bn senior notes (5.75% 2031 and 6.25% 2033) | Bond | €1.5bn |
| 24 Mar 2026 | SES €650m 7.375% perpetual hybrid | Bond | €650m |
| 24 Jun 2025 | SES €1bn senior notes (4.125% 2030 and 4.875% 2033) | Bond | €1bn |
| 29 Sep 2026 | SES €500m 5.625% notes due 2031 | Bond | €500m |
| 11 Sep 2024 | Viasat US$1,975m 9.000% senior notes due 2029 | Bond | US$1.98bn |
More from MDA
| Date | Financing | Type | Amount |
|---|---|---|---|
| 25 Nov 2025 | MDA Space second amended and restated credit agreement (C$700m, extended to 2030) | Bank facility | C$700m |
M&A and investment involving MDA
| Date | Deal | Type | Value |
|---|---|---|---|
| 7 Apr 2021 | MDA IPO on the TSX | IPO | C$400m |
| 8 Apr 2020 | Northern Private Capital acquisition of MDA from Maxar | M&A | C$1bn |
Sources
- MDA Space announces offering of C$250 million senior unsecured notes due 2030 newswire.ca · 4 Dec 2025
About this record
Record ORB-2025-0028, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
Senior notes are unsecured promises to pay, priced off government bonds; the prospectus sets the covenants, the change-of-control put and the redemption terms.
