Maxar Technologies Inc. (NYSE:MAXR) (TSX:MAXR) (the “Company”), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced the closing of the Company’s previously-announced Palo Alto real estate sale and leaseback agreements for a gross sale price of $291 million.

The Company will use the proceeds from the real estate sale and the senior secured notes offering (upon release from escrow) to repay all of the borrowings that were outstanding as of September 30, 2019 under the Company’s revolving credit facility, and term loans A-1 and A-2, each under the Company’s Syndicated Credit Facility, and to pay certain fees and expenses related to the offering of the senior secured notes, the use of proceeds therefrom and the previously announced amendment of the Company’s Syndicated Credit Facility. The Syndicated Credit Facility amendment becomes unconditional concurrent with consummation of the foregoing transactions and delivery of certain other documentary conditions precedent.

The operations of DigitalGlobe, SSL and Radiant Solutions were unified under the Maxar brand in February; MDA continues to operate as an independent business unit within the Maxar organization.

About Maxar

Maxar is a trusted partner and innovator in Earth Intelligence and Space Infrastructure. We deliver disruptive value to government and commercial customers to help them monitor, understand and navigate our changing planet; deliver global broadband communications; and explore and advance the use of space. Our unique approach combines decades of deep mission understanding and a proven commercial and defense foundation to deploy solutions and deliver insights with unrivaled speed, scale and cost effectiveness. Maxar’s 5,800 team members in 30 global locations are inspired to harness the potential of space to help our customers create a better world. Maxar trades on the New York Stock Exchange and Toronto Stock Exchange as MAXR. For more information, visit