TSX:MDAAerospace & Defense
How Investors Are Reacting To MDA Space (TSX:MDA) New Debt Deal And RADARSAT+ Contract Win
MDA Space Ltd. recently completed the pricing of a C$250 million private placement of 7.00% senior unsecured notes due 2030, while also securing a C$44.7 million Canadian government contract for long lead parts for a RADARSAT Constellation Mission replenishment satellite under the RADARSAT+ Earth observation initiative.
The Canadian government’s stated intention to have MDA Space build, test, and launch the replenishment satellite, plus its inclusion in a concept study for a next-generation...