C$600M debt: MDA Space (MDA) funds planned Blue Canyon deal

Rhea-AI Filing Summary

MDA Space Ltd. completed a private placement of C$600 million aggregate principal amount of 6.50% senior unsecured notes due 2033. The notes were sold through a syndicate led by RBC Capital Markets, BMO Capital Markets and Scotiabank to accredited investors in Canada and certain institutional investors in and outside the United States.

The company intends to use the net proceeds to fund a portion of the purchase price for its pending acquisition of Blue Canyon Technologies LLC and related fees and expenses. Closing of the acquisition is expected by the end of 2026, subject to customary conditions. If the acquisition is not completed, MDA Space must redeem all notes at 100% of principal plus accrued and unpaid interest.

Key Figures

Aggregate principal amount: C$600 million Coupon rate: 6.50% Maturity year: 2033 +5 more

8 metrics

Aggregate principal amount C$600 million Private placement of senior unsecured notes due 2033

Coupon rate 6.50% Interest rate on senior unsecured notes

Maturity year 2033 Final maturity of the senior unsecured notes

Redemption price 100% of principal amount Price if notes are redeemed because the acquisition is not completed

Expected acquisition closing end of 2026 Target closing timing for Blue Canyon Technologies LLC acquisition

Operating history 55-year+ Company described as a robotics, satellite systems and geointelligence pioneer

Missions completed more than 450 Number of missions in which MDA Space has participated

Employees more than 4,000 Size of the global MDA Space team of space experts

Key Terms

senior unsecured notes, accredited investors, Rule 144A, Regulation S, +2 more

6 terms

senior unsecured notes financial

"C$600 million aggregate principal amount of 6.50% senior unsecured notes"

Senior unsecured notes are a type of loan a company borrows from investors, promising to pay back with interest. They are called "unsecured" because they aren’t backed by specific assets like buildings or equipment, but "senior" because they are paid back before other debts if the company gets into trouble. Investors see them as a relatively safer way for companies to raise money.

accredited investors regulatory

"offered for sale in each of the provinces of Canada to accredited investors"

Accredited investors are individuals or entities considered to have enough financial knowledge and resources to understand and handle more complex and risky investments. They are often allowed to participate in private investment opportunities that are not available to the general public, similar to how experienced players might access exclusive clubs or events. This status helps ensure that investors can manage potential risks and rewards appropriately.

Rule 144A regulatory

"offered in the United States only to qualified institutional buyers, pursuant to Rule 144A"

Rule 144A is a regulation that makes it easier for companies to sell private bonds to large investors without going through all the usual rules that apply to public sales. It matters because it helps companies raise money more quickly and privately, often attracting big investors looking for special deals.

Regulation S regulatory

"outside the United States in offshore transactions in reliance upon Regulation S"

Regulation S is a set of rules that allows companies to sell securities (like shares or bonds) to investors outside the United States without having to follow all U.S. securities laws. It matters because it makes it easier for companies to raise money from international investors while still complying with U.S. regulations.

special mandatory redemption financial

"possibility of a special mandatory redemption of the Notes by the Company"

A special mandatory redemption is a contractual obligation that forces a company to repay certain debt or preferred shares early when a specific trigger event occurs (for example, a change in tax law, regulatory change, or sale). For investors it matters because it ends the expected income stream and returns principal at a pre-set price, potentially altering returns, tax outcomes and a company’s cash needs — like a lender calling a loan back when rules change.

forward-looking statements regulatory

"contains certain statements that may constitute forward-looking statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What financing did MDA (MDA) announce in this 6-K?

MDA Space announced it closed a private placement of C$600 million aggregate principal amount of 6.50% senior unsecured notes due 2033. The notes were sold through a syndicate of underwriters to accredited and institutional investors in Canada, the United States and other jurisdictions.

What are the key terms of MDA (MDA) 6.50% senior unsecured notes?

The notes have an aggregate principal amount of C$600 million, bear interest at 6.50% and mature in 2033. They are senior unsecured obligations sold on a private placement basis in Canada and to qualified institutional buyers under Rule 144A and offshore under Regulation S.

How will MDA (MDA) use the proceeds from the C$600 million notes?

MDA Space intends to use the net proceeds from the C$600 million notes to fund a portion of the purchase price for its acquisition of Blue Canyon Technologies LLC and to pay acquisition-related fees and expenses connected with that transaction.

What happens to MDA (MDA) notes if the Blue Canyon acquisition does not close?

If the Blue Canyon Technologies acquisition is not completed, MDA Space will be required to redeem all outstanding notes at a price equal to 100% of principal plus accrued and unpaid interest, effectively unwinding the debt financing.

When is MDA (MDA) expecting to close the Blue Canyon Technologies acquisition?

The Blue Canyon Technologies LLC acquisition is expected to close by the end of 2026, subject to customary closing conditions. The timing and successful completion remain forward-looking and may be affected by satisfaction of these conditions.

Under what securities law exemptions were MDA (MDA) notes offered?

In Canada, the notes were sold to accredited investors relying on exemptions from prospectus requirements. In the U.S., they were offered only to qualified institutional buyers under Rule 144A and abroad in offshore transactions under Regulation S of the U.S. Securities Act.

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934

For the month of	August		2026
Commission File Number	001-43190

MDA SPACE LTD.

(Translation of registrant’s name into English)

7500 Financial Drive

Brampton, Ontario, Canada L6Y 6K7

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F o Form 40-F x

DOCUMENTS INCLUDED AS PART OF THIS REPORT

Exhibit
99.1		Press Release dated August 5, 2026

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

			MDA Space Ltd.
			(Registrant)
Date:	August 5, 2026		By:	/s/ Guillaume Lavoie
				Name:	Guillaume Lavoie
				Title:	Chief Financial Officer

Exhibit 99.1

 

NEWS RELEASE

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

MDA SPACE ANNOUNCES CLOSING OF C$600 MILLION
OFFERING OF SENIOR UNSECURED NOTES DUE 2033

TORONTO, ON (August 5, 2026) – MDA Space Ltd. (“MDA Space” or the “Company”) (TSX:MDA) (NYSE:MDA), a trusted mission partner to the rapidly expanding global space industry, announced today that it has successfully closed its previously announced private placement offering (the “Offering”) of C$600 million aggregate principal amount of 6.50% senior unsecured notes due 2033 (the “Notes”).

The Notes were offered through a syndicate of underwriters led by RBC Capital Markets, BMO Capital Markets and Scotiabank.

The Company intends to use the net proceeds from the Offering to fund a portion of the purchase price for the acquisition of Blue Canyon Technologies LLC (“BCT”) (the “Acquisition”), which was previously announced by the Company on June 19, 2026, and acquisition-related fees and expenses. Once completed, the Acquisition is expected to provide MDA Space with a strategic business and manufacturing footprint to capitalize on growing demand in the U.S. government market for defence space missions. The Acquisition is expected to close by the end of 2026, subject to customary closing conditions. In the event the Acquisition does not close, 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.

The Notes were offered for sale in each of the provinces of Canada to “accredited investors” on a private placement basis, in reliance upon exemptions from the prospectus requirements under applicable Canadian securities laws. The Notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and were offered in the United States only to qualified institutional buyers, pursuant to Rule 144A of the U.S. Securities Act, and outside the United States in offshore transactions in reliance upon Regulation S under the U.S. Securities Act.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any offer or sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About MDA Space

Building the space between proven and possible, MDA Space (TSX:MDA) (NYSE:MDA) is a trusted mission partner to the global defence and space industry. A robotics, satellite systems and geointelligence pioneer with a 55-year+ story of world firsts and more than 450 missions, MDA Space is a global leader in communications satellites, Earth and space observation, and space exploration and infrastructure. The global MDA Space team of more than 4,000 space experts has the knowledge and know-how to turn an audacious customer vision into an achievable mission — bringing to bear a one-of-a-kind mix of experience, engineering excellence and wide-eyed wonder that’s been in our DNA since day one. For those who dream big and push boundaries on the ground and in the stars to change the world for the better, we’ll take you there. For more information, visit the Company’s filings on SEDAR+ and the Company’s Investor Relations website at www.mda-en.investorroom.com.

 

Forward-Looking Statements

This news release contains certain statements that may constitute “forward-looking information” within the meaning of applicable securities laws (“forward-looking statements”) which reflects the Company’s current expectations regarding future events. When used in this news release, forward-looking statements, often but not always, can be identified by the use of forward-looking words such as, including but not limited to, “may”, “will”, “would”, “should”, “expect”, “believe”, “intend”, “future” and other similar terminology or the negative or inverse of such words or terminology. Forward-looking statements in this news release include, without limitation, statements with respect to the use of proceeds of the Offering, and the timing and successful completion of the Acquisition, the anticipated benefits and synergies described in connection with the Acquisition, including anticipated demand in the U.S. government market for defence space missions, and the possibility of a special mandatory redemption of the Notes by the Company if the Acquisition is not consummated.

Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors beyond the Company’s control. All forward-looking statements are based on assumptions and analyses made by MDA Space in light of management’s experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate, and are subject to significant known and unknown risks and uncertainties and other factors which may cause the actual results, performance or achievements of MDA Space to differ materially from those anticipated in such forward-looking statements for a variety of reasons, including without limitation the risk that the Acquisition will not be completed on the anticipated timeline or at all, including as a result of a failure to satisfy closing conditions, and the risks and uncertainties detailed under the “Risk Factors” section of MDA Space’s annual information form dated March 4, 2026. Although MDA Space believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect and there can be no assurance that actual results will be consistent with the forward-looking statements. There are a number of additional risks and uncertainties affecting or that could affect MDA Space, which could cause actual results and developments to differ materially from those described in, expressed or implied by these forward-looking statements. Accordingly, readers should not place undue reliance on any forward-looking statements or information included within this press release. These forward-looking statements speak only as of the date of this news release. Except as required by law, MDA Space is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

MEDIA CONTACT

Amy MacLeod

Vice President, Corporate Communications

613-796-6937

amy.macleod@mda.space

INVESTOR CONTACT

Jim Floros

Vice President, Investor Relations

289-914-0209

jim.floros@mda.space

SOCIAL MEDIA

LinkedIn: LinkedIn.com/company/MDAspace
X: X.com/MDA_space
Facebook: Facebook.com/MDAspace
YouTube: YouTube.com/c/MDAspace
Instagram: Instagram.com/MDA_space

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EXHIBIT 99.1 12.5 KB