Maxar Technologies to Sell MDA to Northern Private Capital for CAD$1 Billion
Maxar Technologies Inc. (MAXR)
Last maxar technologies inc. earnings: 3/2 04:08 pm
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US:NYSE Investor Relations:
mdacorporation.com/corporate/investor/overview
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Source: Business Wire
Maxar plans to use the proceeds to pay down debt and fund investments in its core areas of Earth Intelligence and Space InfrastructureMaxar will continue to be trusted, end-to-end solutions provider to world’s most sophisticated government and commercial entities WESTMINSTER, Colo.--(BUSINESS WIRE)--Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced it has entered into a definitive agreement to sell MDA to a consortium of financial sponsors led by Northern Private Capital (NPC), for CAD$1 billion (US$765 million), subject to customary adjustments. The company expects to use proceeds to reduce leverage and improve its capital structure to prioritize investments for growth in its core areas of Earth Intelligence and Space Infrastructure.The transaction includes all of MDA’s Canadian businesses, encompassing ground stations, radar satellite products, robotics, defense, and satellite components, rep
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