MDA SPACE ANNOUNCES OFFERING OF C$250 MILLION SENIOR UNSECURED NOTES DUE 2030

Core Viewpoint - MDA Space Ltd. has announced a private placement offering of C$250 million in senior unsecured notes, which is expected to close around December 23, 2025, aimed at refinancing existing debt and enhancing liquidity for growth opportunities [1][4][5]. Group 1: Offering Details - The offering consists of C$250 million aggregate principal amount of 7.00% senior unsecured notes due in 2030, priced at C$1,000 per note [1][2]. - Interest on the notes will accrue at a rate of 7.00% per annum, payable semi-annually starting June 23, 2026 [2]. Group 2: Credit Agreement - MDA Space's subsidiary, Neptune Operations Ltd., has entered into a second Amended and Restated Credit Agreement, which allows for the offering and includes a C$150 million accordion feature, potentially increasing total credit facilities to C$850 million [3]. - The maturity date of the Credit Agreement has been extended to November 25, 2030, with provisions for accelerated maturity if the notes are not refinanced at least six months prior [3]. Group 3: Use of Proceeds - The net proceeds from the offering will be used to refinance existing outstanding indebtedness under the Credit Agreement [4]. Group 4: Market Response - The CFO of MDA Space expressed satisfaction with the strong market demand for the notes, indicating that the refinancing reflects a strategic evolution of the company's capital structure [5]. Group 5: Underwriting and Regulatory Information - The notes are being offered through a syndicate of underwriters led by RBC Capital Markets, BMO Capital Markets, and Scotiabank [6]. - The offering is available to accredited investors in Canada and qualified institutional buyers in the U.S., adhering to specific regulatory exemptions [7].