New Issue: Maxar Technologies sells $150 million 7.54% secured notes due December 2027 at 98.25

By Paul A. Harris

Portland, Ore., June 23 – Maxar Technologies Inc. priced a $150 million issue of 7.54% senior secured notes due Dec. 31, 2027 at 98.25 on Tuesday, according to a syndicate source.

Bookrunners were BofA Securities Inc., RBC Capital Markets LLC, BMO Capital Markets Corp., CIBC World Markets Corp., Wells Fargo Securities LLC, HSBC Securities (USA) Inc., Scotia Capital (USA) Inc., TD Securities (USA) LLC, National Bank of Canada, MUFG, ING Financial Markets LLC, SMBC Nikko Securities America Inc. and Mizuho Securities USA Inc.

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.
Amount:	$150 million
Maturity:	Dec. 31, 2027
Securities:	Senior secured notes
Bookrunners:	BofA Securities Inc., RBC Capital Markets LLC, BMO Capital Markets Corp., CIBC World Markets Corp., Wells Fargo Securities LLC, HSBC Securities (USA) Inc., Scotia Capital (USA) Inc., TD Securities (USA) LLC, National Bank of Canada, MUFG, ING Financial Markets LLC, SMBC Nikko Securities America Inc. and Mizuho Securities USA Inc.
Coupon:	7.54%
Price:	98.25
Trade date:	June 23
Settlement date:	June 25
Distribution:	Rule 144A and Regulation S for life

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.