MDA Space (MDA.TO) raised C$600 million in a private placement offering of 6.5% senior unsecured notes due 2033, the company said Wednesday.
Proceeds will be used to fund the cash acquisition of Blue Canyon Technologies, which has an enterprise value of C$874 million. The acquisition is expected to close by the end of 2026, a statement said.
MDA Space shares were last seen down C$0.03, to C$48.07, on the Toronto Stock Exchange.
PHX Energy Services (PHX.TO) reported second-quarter earnings of C$0.21 per share, or C$10.97 million, compared with C$0.17 per share, or C$8.52 million, in the prior-year period. The results topped FactSet analysts' estimate of C$0.18 per share.For the three months ended June 30, 2026, revenue rose 7% to C$178.9 million from C$167.7 million in the second quarter of 2025.In its outlook, PHX said North American industry activity is showing an uptick in the third quarter, supported by strengthening commodity prices.Company's shares closed up C$0.28 to C$10.92 on Toronto stock Exchange on Tuesday.