BRAMPTON, ON, Dec. 4, 2025 /PRNewswire/ – MDA Range Ltd. (“MDA Space” or the “Company“) (TSX:MDA), introduced lately that it has priced a personal placement providing (the “Offering“) and entered into an underwriting assurance to promote, pursuant to the Providing, C$250 million combination primary quantity of seven.00% senior unsecured notes due 2030 (the “Notes“). The Providing is anticipated to alike on or about December 23, 2025, matter to commonplace utmost statuses.
The Notes will likely be issued at a value of C$1,000 according to C$1,000 primary quantity of Notes. The Notes will likely be senior unsecured tasks of the Corporate, score pari passu in proper of fee with all current and life senior unsecured indebtedness of the Corporate, and will likely be assured via sure of the Corporate’s subsidiaries. Hobby at the Notes will accrue at a charge of seven.00% according to annum, payable semi-annually in arrears on June 23 and December 23 of each and every 12 months, taking off on June 23, 2026.
The Corporate additionally introduced that its subsidiary, Neptune Operations Ltd. (the “Borrower“) entered right into a 2nd Amended and Restated Credit score Oath dated November 25, 2025 between, amongst others, the Borrower, as borrower, the Corporate, as guarantor, and likely alternative guarantors birthday celebration thereto from age to age, the lenders birthday celebration thereto from age to age and The Attic of Nova Scotia, as administrative agent (the “Credit Agreement“). The Credit score Oath, amongst alternative issues: (i) allows the Providing; (ii) supplies for a C$150,000,000 accordion component on the sole discretion of the lenders, doubtlessly expanding the combination credit score amenities to C$850,000,000 if exercised via the Borrower going forward; and (iii) extends the adulthood generation therein to November 25, 2030, matter to an sped up adulthood provision that may be brought about if the Notes aren’t refinanced no less than six months previous to November 25, 2030.
The Corporate intends to usefulness the online proceeds of the Providing to refinance current remarkable indebtedness beneath the Credit score Oath.
“We are pleased with the strong market demand for our notes. This new unsecured note offering and the refinancing of our existing senior facility reflects a strategic and timely evolution of the MDA Space capital structure. The refinancing provides flexibility and liquidity as we continue to pursue market growth opportunities,” mentioned Guillaume Lavoie, Important Monetary Officer of MDA Range.
The Notes are being presented via a syndicate of underwriters led via RBC Capital Markets, BMO Capital Markets and Scotiabank.
The Notes are being presented on the market in each and every of the provinces of Canada to “accredited investors” on a personal placement foundation, in reliance upon exemptions from the prospectus necessities beneath appropriate Canadian securities rules. The Notes have now not been registered beneath america Securities Occupation of 1933, as amended (the “U.S. Securities Act“) or any shape securities rules and are being presented and bought in america handiest to certified institutional patrons, pursuant to Rule 144A of the U.S. Securities Occupation, and outdoor america in offshore transactions in reliance upon Legislation S beneath the U.S. Securities Occupation.
This information let fall shall now not represent an do business in to promote or the solicitation of an do business in to shop for the Notes, nor shall there be any do business in or sale of the Notes in any jurisdiction during which such do business in, solicitation or sale can be illegal.
A magazine of the Credit score Oath will likely be filed with the appropriate securities fee and will likely be to be had for viewing at the Corporate’s SEDAR+ profile.
About MDA Range
Development the dimension between confirmed and conceivable, MDA Range (TSX:MDA) is a relied on project spouse to the worldwide dimension business. A robotics, satellite tv for pc methods and geointelligence pioneer with a 55-year+ tale of worldwide firsts and greater than 450 missions, MDA Range is an international chief in communications satellites, Earth and dimension commentary, and dimension exploration and infrastructure. The worldwide MDA Range crew of greater than 3,800 dimension mavens has the data and expertise to show an audacious buyer perceptible into an achievable project – bringing to undergo a one-of-a-kind mixture of revel in, engineering excellence and wide-eyed surprise that’s been in our DNA since while one. For individuals who dream weighty and push obstacles at the farmland and within the stars to modify the sector for the easier, we’ll whisk you there. For more info, talk over with the Corporate’s filings on SEDAR+ and the Corporate’s Investor Members of the family website online at www.mda-en.investorroom.com.
Ahead-Taking a look Statements
This information let fall incorporates sure statements that can represent “forward-looking information” throughout the that means of appropriate securities rules (“forward-looking statements“). When old on this information let fall, forward-looking statements regularly however now not all the time, will also be recognized via the usefulness of forward-looking phrases akin to, together with however now not restricted to, “may”, “will”, “would”, “should”, “expect”, “believe”, “intend”, “future” and alternative alike terminology or the adverse or inverse of such phrases or terminology. Ahead-looking statements on this information let fall comprises, with out limitation, statements with admire to the scale and phrases of the Providing, the usefulness of proceeds therefrom, and the timing and a hit final touch of the Providing. Ahead-looking statements are in response to sure suppositions and analyses (together with the timing and good fortune of the Providing) made via the Corporate in brightness of control’s revel in and belief of ancient traits, flow statuses and anticipated life tendencies and alternative components it believes are suitable, and are matter to dangers and uncertainties and alternative components which would possibly reason the untouched effects, efficiency or achievements of the Corporate to fluctuate materially from the ones expected in such forward-looking statements for numerous causes, together with with out limitation the hazards and uncertainties graphic beneath the “Risk Factors” category of the Corporate’s annual data method dated March 7, 2025. Even if the Corporate believes that the suppositions underlying those statements are cheap, they are going to end up to be mistaken and there will also be incorrect word of honour that untouched effects will likely be in line with the forward-looking statements. There are a selection of alternative dangers and uncertainties affecting or that would have an effect on MDA Range, which might reason untouched effects and tendencies to fluctuate materially from the ones described in, expressed or implied via those forward-looking statements. Accordingly, readers will have to now not playground undue reliance on any forward-looking statements or data. Those forward-looking statements talk handiest as of the generation of this information let fall. Apart from as required via regulation, MDA Range isn’t beneath any legal responsibility, and expressly disclaims any aim or legal responsibility, to replace or revise any forward- shopping statements, whether or not on account of untouched data, life occasions or in a different way.
SOCIAL MEDIA
LinkedIn: linkedin.com/company/mdaspace
X: twitter.com/MDA_space
Fb: facebook.com/MDAspace
YouTube: youtube.com/c/mdaspace
Instagram: instagram.com/MDA_space
SOURCE MDA Range
