MDA Space Ltd. closed a C$600 million private placement of 6.50% senior unsecured notes due in 2033, led by RBC Capital Markets, BMO Capital Markets, and Scotiabank. The company intends to use the net proceeds to fund a portion of the purchase price for its acquisition of Blue Canyon Technologies LLC (BCT), announced on June 19, 2026, along with related fees. The acquisition is expected to close by the end of 2026 and will provide MDA Space with a strategic manufacturing footprint in the U.S. government defense space market. If the acquisition does not close, MDA Space must redeem all outstanding notes at 100% of principal plus accrued interest. MDA Space Ltd. operates in the global space industry, providing robotics, satellite systems, and geointelligence solutions.
