📋 Tender Overview
Maxar Technologies a trusted partner and innovator in Earth Intelligence and Space Infrastructure announced the commencement of a private offering of 1.250 billion aggregate principal amount of senior secured notes due 2023. The notes will be senior first-priority secured obligations of the Company initially guaranteed on a senior first-priority secured basis by the Companys subsidiaries that are guarantors under its existing syndicated credit facility.Proceeds from the notes are expected to be used to repay all of the borrowings that were outstanding as of September 30 2019 under the Companys revolving credit facility and term loans A-1 and A-2 each under the Companys existing syndicated credit facility and to pay certain fees and expenses related to the offering of the notes the use of proceeds therefrom and an amendment of the syndicated credit facility. The Company intends to use any remaining proceeds for working capital needs capital expenditures and other general corporate purposes.The notes and the guarantees have not been and will not be registered under the U.S. Securities Act of 1933 as amended Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The notes and the guarantees will be offered in the United States only to persons reasonably believed to be qualified institutional buyers in reliance on the exception from registration set forth in Rule 144A under the Securities Act and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act.
