MDA Space prices C$600M notes, funding Blue Canyon Technologies acquisition

MDA Space priced a C$600 million private placement of senior unsecured notes. The notes carry a 6.50% interest rate. The debt matures on August 5, 2033. The offering expects to close around August 5, 2026.

Net proceeds will partially fund the previously announced acquisition of U.S.-based Blue Canyon Technologies (BCT). This transaction is scheduled to close by the end of 2026.

The move expands MDA Space's manufacturing presence for U.S. government and defense space sectors.