6-K
Foreign issuer report
✓ VerifiedMDA Space closed a C$600 million private placement of 6.50% senior unsecured notes due 2033 to help fund its acquisition of Blue Canyon Technologies LLC.
Filed Aug 5, 2026 · 10:02 ET
Summary
- MDA Space closed a private placement offering of C$600 million aggregate principal amount of 6.50% senior unsecured notes due 2033.
- The Notes were offered through a syndicate of underwriters led by RBC Capital Markets, BMO Capital Markets and Scotiabank.
- Net proceeds will fund a portion of the purchase price for the acquisition of Blue Canyon Technologies LLC, previously announced on June 19, 2026, plus acquisition-related fees and expenses.
- The Acquisition is anticipated to close by the end of 2026, subject to customary closing conditions.
- If the Acquisition does not close, the Company will be required to redeem all outstanding Notes at 100% of principal plus accrued and unpaid interest.
- The Notes were sold to accredited investors in Canada, to qualified institutional buyers under Rule 144A in the U.S., and offshore under Regulation S.
Key facts
- Offering size
- C$600 million
From the filing for Offering size
“MDA SPACE ANNOUNCES CLOSING OF C$600 MILLION”
- Interest rate
- 6.50%
From the filing for Interest rate
“C$ 600 million aggregate principal amount of 6.50% senior unsecured notes due 2033”
- Maturity
- 2033
From the filing for Maturity
“senior unsecured notes due 2033”
- Underwriters
- RBC Capital Markets, BMO Capital Markets and Scotiabank
From the filing for Underwriters
“The Notes were offered through a syndicate of underwriters led by RBC Capital Markets, BMO Capital Markets and Scotiabank.”
- Acquisition target
- Blue Canyon Technologies LLC
From the filing for Acquisition target
“the acquisition of Blue Canyon Technologies LLC (" BCT ") (the " Acquisition "), which was previously announced by the Company on June 19, 2026”
- Redemption condition
- 100% of the principal amount
From the filing for Redemption condition
“the Company will be required to redeem all of the outstanding Notes at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest”
- Acquisition close timing
- end of 2026
From the filing for Acquisition close timing
“The Acquisition is expected to close by the end of 2026, subject to customary closing conditions.”
- Closing date
- August 5, 2026
From the filing for Closing date
“TORONTO, ON (August 5, 2026)”
Why it mattersThe completed C$600 million notes financing secures funding for MDA Space's planned acquisition of Blue Canyon Technologies, a U.S. small satellite manufacturer. A mandatory redemption applies if the acquisition does not close.
- Filed
- Aug 5, 2026
- Accepted
- 2026-08-05 14:02Z
- Period
- Aug 5, 2026
- Accession no.
- 0001104659-26-090812
- Size
- 29 KB
- Index
- Filing index