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MDA signs up for US$400m securities facility backed by orbital receivables

Connectivity BusinessbyConnectivity Business
November 3, 2016
in Uncategorized
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Canada’s MacDonald, Dettwiler and Associates has agreed a new securities facility that uses future orbital receivables as collateral in what is thought to be an industry first. The US$400m revolving securitisation facility means that rather waiting to receive staggered repayments from operators MDA can get the benefits of the receivables once a satellite reaches orbit and passes a health check.    Canada’s MacDonald, […]

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