By Wendy Van Sickle
Columbus, Ohio, June 23 – Maxar Technologies Inc. priced a $150 million issue of 7.54% seven-year senior secured notes at 98.25 on Tuesday, according to a news release.
Proceeds from the notes will be used for general corporate purposes, including to finance the purchase price payable upon the company’s exercise of an option to purchase all the outstanding equity interests not currently owned by it or its subsidiaries of Vricon, Inc., the holding company for a joint venture in which the company holds 50%.
The space technology company is based in Westminster, Colo.
| Issuer: | Maxar Technologies Inc.
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| Amount: | $150 million
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| Maturity: | 2027
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| Securities: | Senior secured notes
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| Coupon: | 7.54%
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| Price: | 98.25
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| Trade date: | June 23
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| Distribution: | Rule 144A and Regulation S
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