{"id":59976,"date":"2020-04-09T17:15:23","date_gmt":"2020-04-09T09:15:23","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/maxar-closes-sale-of-mda\/"},"modified":"2020-04-09T17:15:23","modified_gmt":"2020-04-09T09:15:23","slug":"maxar-closes-sale-of-mda","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/maxar-closes-sale-of-mda\/","title":{"rendered":"Maxar Closes Sale of MDA"},"content":{"rendered":"<\/p>\n<p><strong>Maxar Technologies<\/strong> has closed the sale of <strong>MDA<\/strong>, formerly its Canadian subsidiary, to a consortium of investors led by <strong>Northern Private Capital<\/strong> for CAD$1 billion. Net proceeds are expected to be approximately $729 million.&nbsp;<\/p>\n<p>The company plans to use the proceeds to reduce indebtedness as proscribed in the company\u2019s credit arrangements. Maxar CFO Biggs Porter said the transaction, combined with a recent sale of Palo Alto real estate, reduces Maxar\u2019s overall net debt by roughly $1 billion and \u201csignificantly\u201d improves the company\u2019s leverage ratio.&nbsp;<\/p>\n<p>\u201cGoing forward, our growth strategy remains focused on providing leading capabilities in earth entelligence and space infrastructure, including geospatial data, data analytics, and spacecraft and robotics that are well aligned with the strategic priorities of our government and commercial customers,\u201d Maxar CEO Dan Jablonsky said.&nbsp;<\/p>\n<p>MDA was an independent business unit within Maxar. When the sale was first announced on Dec. 30 last year, Maxar said the transaction would include all of MDA\u2019s Canadian businesses, encompassing ground stations, radar satellite products, robotics, defense, and satellite components, representing approximately 1,900 employees.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Maxar Technologies has closed the sale of MDA, formerly its Canadian subsidiary, to a consortium of investors led by Northern Private Capital for CAD$1 billion. Net proceeds are expected to be approximately $729 million.&nbsp; The company plans to use the proceeds to reduce indebtedness as proscribed in the company\u2019s credit arrangements. Maxar CFO Biggs Porter [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":52717,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-59976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/59976"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=59976"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/59976\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/52717"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=59976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=59976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=59976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}