Ms. Amy MacLeod reports

MDA SPACE ANNOUNCES CLOSING OF C$250 MILLION OFFERING OF SENIOR UNSECURED NOTES DUE 2030

MDA Space Ltd. has closed its previously announced private placement offering of $250-million aggregate principal amount of 7.00 per cent senior unsecured notes due 2030.

The notes were offered through a syndicate of underwriters led by RBC Capital Markets, BMO Capital Markets and Scotiabank.

The net proceeds of the offering were used to refinance existing outstanding indebtedness under the company's credit facility. The notes were offered for sale in each of the provinces of Canada to accredited investors on a private placement basis in reliance upon exemptions from the prospectus requirements under applicable Canadian securities laws.

About MDA Space Ltd.

Building the space between proven and possible, MDA Space is a trusted mission partner to the global space industry. A robotics, satellite systems and geointelligence pioneer with a 55-plus-year story of world firsts and more than 450 missions, MDA Space is a global leader in communications satellites, Earth and space observation, and space exploration, and infrastructure. The global MDA Space team of more than 3,800 space experts has the knowledge and know-how to turn an audacious customer vision into an achievable mission -- bringing to bear a one-of-a-kind mix of experience, engineering excellence and wide-eyed wonder that has been in its DNA since day one. For those who dream big and push boundaries on the ground and in the stars to change the world for the better, we will take you there.

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