MDA Space (MDA) said late Thursday it priced its private placement offering of 600 million Canadian dollars ($426.4 million) of 6.50% senior unsecured notes due Aug. 5, 2033.

The offering is expected to close on or about Aug. 5.

The company aims to use the proceeds from the offering to finance a portion of its proposed acquisition of Blue Canyon Technologies announced last month, as well as acquisition-related fees and expenses.