Maxar gets debt commitment from direct lenders for buyout by Advent

By Sara Rosenberg

New York, Dec. 16 – Maxar Technologies Inc. has received a commitment from certain direct lenders for debt financing to help fund its acquisition by Advent International, according to an 8-K filed with the Securities and Exchange Commission on Friday.

Other funds for the transaction will come from $4.1 billion of equity, preferred equity and company cash on hand.

Under the agreement, Maxar is being bought for $53.00 per share in cash. The enterprise value of the acquisition is about $6.4 billion.

There is a “go-shop” period expiring on Feb. 14.

Closing is expected in mid-2023, subject to customary conditions, including approval by Maxar stockholders and receipt of regulatory approvals.

Maxar is a Westminster, Colo.-based provider of comprehensive space solutions and secure, precise, geospatial intelligence.

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