{"id":82191,"date":"2012-11-05T19:09:06","date_gmt":"2012-11-05T11:09:06","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/mda-formally-closes-acquisition-of-ss-l\/"},"modified":"2012-11-05T19:09:06","modified_gmt":"2012-11-05T11:09:06","slug":"mda-formally-closes-acquisition-of-ss-l","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/mda-formally-closes-acquisition-of-ss-l\/","title":{"rendered":"MDA Formally Closes Acquisition of SS\/L"},"content":{"rendered":"<p>[Satellite TODAY 11-05-12] <strong>MacDonald, Dettwiler and Associates (MDA) <\/strong>has completed its acquisition of <strong>Space Systems\/Loral (SS\/L)<\/strong> to form a global communications and information company, the information solutions provider announced Nov. 4.<\/p>\n<p>\tThe acquisition is financed by a combination of cash on hand, a three-year promissory note of $101 million, a new twelve-year senior secured note of $250 million with two major U.S. financial institutions, an existing senior secured note of $100 million, and approximately $600 million of variable rate term and revolving loans under a new four-year $850 million senior secured syndicated credit facility.<br \/>\n\tMDA\u2019s lead financial advisor for the transaction was <strong>Bank of America Merrill Lynch<\/strong>, with financial advice also provided by <strong>RBC Capital Markets<\/strong> and <strong>BMO Capital Markets<\/strong>.<br \/>\n\t&#8220;We are proud of our management team\u2019s success in establishing SS\/L as a leading global commercial satellite manufacturer and in bringing the transaction with MDA to closure,&#8221; Loral Board of Directors Chairman Dr. Mark Rachesky said in a statement. &#8220;The transaction reflects the Board\u2019s continued commitment to delivering significant value to all Loral shareholders, and the Board will evaluate the opportunity to return capital to shareholders through a cash distribution of the net cash proceeds from this sale transaction.&#8221;<br \/>\n&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[Satellite TODAY 11-05-12] MacDonald, Dettwiler and Associates (MDA) has completed its acquisition of Space Systems\/Loral (SS\/L) to form a global communications and information company, the information solutions provider announced Nov. 4. The acquisition is financed by a combination of cash on hand, a three-year promissory note of $101 million, a new twelve-year senior secured note [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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-82191","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/82191"}],"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=82191"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/82191\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=82191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=82191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=82191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}