MDA Space second amended and restated credit agreement (C$700m, extended to 2030)
Extend maturity to 25 November 2030 and permit the C$250m senior unsecured notes offering
Key terms
- Borrower or issuer
- MDA
- Date
- 25 Nov 2025
- Type
- Bank facility
- Amount
- C$700m (US$504m)
- Maturity
- 2030-11-25
Recorded terms
- Structure
- Senior credit facilities for Neptune Operations Ltd., guaranteed by MDA Space; C$150m accordion could take total to C$850m
- Lenders and arrangers
- The Bank of Nova Scotia (administrative agent) and a lender syndicate
- Country
- Canada
Parties
- MDA borrower or issuer
- Lenders: Scotiabank
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 25 Nov 2025 | Eutelsat €900m senior facilities (€400m term loan and €500m RCF) | Bank facility | €900m |
| 7 Nov 2025 | Firefly Aerospace US$135m revolver upsize (to US$260m) | Bank facility | US$135m |
| 30 Jan 2026 | iQPS ¥6.2bn syndicated term loan | Bank facility | JPY 6.2bn |
| 20 Feb 2026 | Redwire amended credit agreement | Bank facility | US$120m |
| 8 Aug 2025 | Firefly Aerospace US$125m senior secured revolving credit facility | Bank facility | US$125m |
More from MDA
| Date | Financing | Type | Amount |
|---|---|---|---|
| 4 Dec 2025 | MDA Space C$250m 7.00% senior unsecured notes due 2030 | Bond | C$250m |
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$250 million senior unsecured notes due 2030 newswire.ca · 4 Dec 2025
About this record
Record ORB-2025-0027, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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
A revolving or term facility is a relationship loan from a bank group, priced at a margin over a reference rate, with financial covenants and an agent.
