--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-23-055309" form_type: "8-K" ticker: null cik: "0001121142" company_name: "Maxar Technologies Inc." filed_at: "2023-05-03T23:59:59+00:00" generated_at: "2026-06-16T00:13:29.128828+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 1.0 calibrated_materiality_score: 1.0 confidence: "high" source: SEC EDGAR --- # Maxar completes $6.4B take-private by Advent International, $53/share cash ## Summary - Maxar acquired by Advent International and BCI for $53.00 per share in cash, valuing the company at ~$6.4B. - Merger closed May 3, 2023; Maxar now privately held by Advent-controlled affiliates and BCI. - Maxar common stock delisted from NYSE and TSX; will cease SEC reporting. - Board replaced: directors Estes, Cyprus, Decyk, etc. replaced by Stephen Hoffmeister, Abhishek Chauhan, Jason Cawley. - Maxar redeemed all 7.54% and 7.75% senior secured notes due 2027 and terminated credit agreement. ## SEC filing metadata - accession: 0001104659-23-055309 - form_type: 8-K - cik: 0001121142 - company_name: Maxar Technologies Inc. - filed_at: 2023-05-03T23:59:59+00:00 - event_type: m_and_a - sentiment: neutral - materiality_score: 1.0 - calibrated_materiality_score: 1.0 - confidence: high - sec_items: 1.02, 2.01, 3.01, 3.03, 5.01, 5.03, 5.02, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1121142/000110465923055309/0001104659-23-055309-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1121142/000110465923055309/tm2314357d3_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-23-055309 - JSON: https://secwatch.observer/filing/0001104659-23-055309.json - Plain text: https://secwatch.observer/filing/0001104659-23-055309.txt ## Key facts - Executive change Jason Cawley was appointed as Director at Maxar Technologies Inc.. - Action: appointed - Role: Director source text: At the Effective Time and in accordance with the Merger Agreement and Maxar’s certificate of incorporation and bylaws, the following directors were appointed to the Board: Stephen Hoffmeister, Abhishek Chauhan and Jason Cawley. evidence_url: https://www.sec.gov/Archives/edgar/data/1121142/000110465923055309/0001104659-23-055309-index.htm - Executive change Daniel L. Jablonsky departed as Director at Maxar Technologies Inc.. - Action: ceased - Role: Director source text: each of Howell M. Estes III, Nick S. Cyprus, Roxanne J. Decyk, Joanne O. Isham, Daniel L. Jablonsky, C. Robert Kehler, Gilman Louie, L. Roger Mason, Jr., Heather A. Wilson, Eric J. Zahler and Eddy Zervigon ceased to be members of the board of directors of Maxar (the “Board”), and any committee thereof, effective as of the Effective Time. evidence_url: https://www.sec.gov/Archives/edgar/data/1121142/000110465923055309/0001104659-23-055309-index.htm - Executive change Eddy Zervigon departed as Director at Maxar Technologies Inc.. - Action: ceased - Role: Director source text: each of Howell M. Estes III, Nick S. Cyprus, Roxanne J. Decyk, Joanne O. Isham, Daniel L. Jablonsky, C. Robert Kehler, Gilman Louie, L. Roger Mason, Jr., Heather A. Wilson, Eric J. Zahler and Eddy Zervigon ceased to be members of the board of directors of Maxar (the “Board”), and any committee thereof, effective as of the Effective Time. evidence_url: https://www.sec.gov/Archives/edgar/data/1121142/000110465923055309/0001104659-23-055309-index.htm - Executive change Howell M. Estes III departed as Director at Maxar Technologies Inc.. - Action: ceased - Role: Director source text: each of Howell M. Estes III, Nick S. Cyprus, Roxanne J. Decyk, Joanne O. Isham, Daniel L. Jablonsky, C. Robert Kehler, Gilman Louie, L. Roger Mason, Jr., Heather A. Wilson, Eric J. Zahler and Eddy Zervigon ceased to be members of the board of directors of Maxar (the “Board”), and any committee thereof, effective as of the Effective Time. evidence_url: https://www.sec.gov/Archives/edgar/data/1121142/000110465923055309/0001104659-23-055309-index.htm - Executive change C. Robert Kehler departed as Director at Maxar Technologies Inc.. - Action: ceased - Role: Director source text: each of Howell M. Estes III, Nick S. Cyprus, Roxanne J. Decyk, Joanne O. Isham, Daniel L. Jablonsky, C. Robert Kehler, Gilman Louie, L. Roger Mason, Jr., Heather A. Wilson, Eric J. Zahler and Eddy Zervigon ceased to be members of the board of directors of Maxar (the “Board”), and any committee thereof, effective as of the Effective Time. evidence_url: https://www.sec.gov/Archives/edgar/data/1121142/000110465923055309/0001104659-23-055309-index.htm - Executive change Heather A. Wilson departed as Director at Maxar Technologies Inc.. - Action: ceased - Role: Director source text: each of Howell M. Estes III, Nick S. Cyprus, Roxanne J. Decyk, Joanne O. Isham, Daniel L. Jablonsky, C. Robert Kehler, Gilman Louie, L. Roger Mason, Jr., Heather A. Wilson, Eric J. Zahler and Eddy Zervigon ceased to be members of the board of directors of Maxar (the “Board”), and any committee thereof, effective as of the Effective Time. evidence_url: https://www.sec.gov/Archives/edgar/data/1121142/000110465923055309/0001104659-23-055309-index.htm - Executive change Stephen Hoffmeister was appointed as Director at Maxar Technologies Inc.. - Action: appointed - Role: Director source text: At the Effective Time and in accordance with the Merger Agreement and Maxar’s certificate of incorporation and bylaws, the following directors were appointed to the Board: Stephen Hoffmeister, Abhishek Chauhan and Jason Cawley. evidence_url: https://www.sec.gov/Archives/edgar/data/1121142/000110465923055309/0001104659-23-055309-index.htm - Executive change L. Roger Mason, Jr. departed as Director at Maxar Technologies Inc.. - Action: ceased - Role: Director source text: each of Howell M. Estes III, Nick S. Cyprus, Roxanne J. Decyk, Joanne O. Isham, Daniel L. Jablonsky, C. Robert Kehler, Gilman Louie, L. Roger Mason, Jr., Heather A. Wilson, Eric J. Zahler and Eddy Zervigon ceased to be members of the board of directors of Maxar (the “Board”), and any committee thereof, effective as of the Effective Time. evidence_url: https://www.sec.gov/Archives/edgar/data/1121142/000110465923055309/0001104659-23-055309-index.htm - Executive change Abhishek Chauhan was appointed as Director at Maxar Technologies Inc.. - Action: appointed - Role: Director source text: At the Effective Time and in accordance with the Merger Agreement and Maxar’s certificate of incorporation and bylaws, the following directors were appointed to the Board: Stephen Hoffmeister, Abhishek Chauhan and Jason Cawley. evidence_url: https://www.sec.gov/Archives/edgar/data/1121142/000110465923055309/0001104659-23-055309-index.htm - Executive change Gilman Louie departed as Director at Maxar Technologies Inc.. - Action: ceased - Role: Director source text: each of Howell M. Estes III, Nick S. Cyprus, Roxanne J. Decyk, Joanne O. Isham, Daniel L. Jablonsky, C. Robert Kehler, Gilman Louie, L. Roger Mason, Jr., Heather A. Wilson, Eric J. Zahler and Eddy Zervigon ceased to be members of the board of directors of Maxar (the “Board”), and any committee thereof, effective as of the Effective Time. evidence_url: https://www.sec.gov/Archives/edgar/data/1121142/000110465923055309/0001104659-23-055309-index.htm - Executive change Roxanne J. Decyk departed as Director at Maxar Technologies Inc.. - Action: ceased - Role: Director source text: each of Howell M. Estes III, Nick S. Cyprus, Roxanne J. Decyk, Joanne O. Isham, Daniel L. Jablonsky, C. Robert Kehler, Gilman Louie, L. Roger Mason, Jr., Heather A. Wilson, Eric J. Zahler and Eddy Zervigon ceased to be members of the board of directors of Maxar (the “Board”), and any committee thereof, effective as of the Effective Time. evidence_url: https://www.sec.gov/Archives/edgar/data/1121142/000110465923055309/0001104659-23-055309-index.htm - Executive change Joanne O. Isham departed as Director at Maxar Technologies Inc.. - Action: ceased - Role: Director source text: each of Howell M. Estes III, Nick S. Cyprus, Roxanne J. Decyk, Joanne O. Isham, Daniel L. Jablonsky, C. Robert Kehler, Gilman Louie, L. Roger Mason, Jr., Heather A. Wilson, Eric J. Zahler and Eddy Zervigon ceased to be members of the board of directors of Maxar (the “Board”), and any committee thereof, effective as of the Effective Time. evidence_url: https://www.sec.gov/Archives/edgar/data/1121142/000110465923055309/0001104659-23-055309-index.htm - Executive change Eric J. Zahler departed as Director at Maxar Technologies Inc.. - Action: ceased - Role: Director source text: each of Howell M. Estes III, Nick S. Cyprus, Roxanne J. Decyk, Joanne O. Isham, Daniel L. Jablonsky, C. Robert Kehler, Gilman Louie, L. Roger Mason, Jr., Heather A. Wilson, Eric J. Zahler and Eddy Zervigon ceased to be members of the board of directors of Maxar (the “Board”), and any committee thereof, effective as of the Effective Time. evidence_url: https://www.sec.gov/Archives/edgar/data/1121142/000110465923055309/0001104659-23-055309-index.htm - Executive change Nick S. Cyprus departed as Director at Maxar Technologies Inc.. - Action: ceased - Role: Director source text: each of Howell M. Estes III, Nick S. Cyprus, Roxanne J. Decyk, Joanne O. Isham, Daniel L. Jablonsky, C. Robert Kehler, Gilman Louie, L. Roger Mason, Jr., Heather A. Wilson, Eric J. Zahler and Eddy Zervigon ceased to be members of the board of directors of Maxar (the “Board”), and any committee thereof, effective as of the Effective Time. evidence_url: https://www.sec.gov/Archives/edgar/data/1121142/000110465923055309/0001104659-23-055309-index.htm - Governance Changes Maxar Technologies Inc.: Certificate of incorporation and bylaws amended and restated in their entirety in connection with merger. - Change: bylaw amendment source text: Pursuant to the terms of the Merger Agreement, at the Effective Time, Maxar’s certificate of incorporation and bylaws were amended and restated in their entirety. evidence_url: https://www.sec.gov/Archives/edgar/data/1121142/000110465923055309/0001104659-23-055309-index.htm - M&A Transactions Maxar Technologies Inc. underwent a change of control involving Advent International Corporation, British Columbia Investment Management Corporation for $53.00 per share in cash, valuing Maxar at approximately $6.4 billion (closed 2023-05-03). - Action: change of control - Counterparty: Advent International Corporation, British Columbia Investment Management Corporation - Consideration: $53.00 per share in cash, valuing Maxar at approximately $6.4 billion - Closing: 2023-05-03 source text: State of Delaware and did not vote such shares of Maxar Common Stock in favor of the Merger or consent thereto in writing) was automatically converted into the right to receive $53.00 in cash, without interest (the “Merger Consideration”). Additionally, at the Effective Time, each share of common stock of Merger Sub, par value $0.01 per share, issued and evidence_url: https://www.sec.gov/Archives/edgar/data/1121142/000110465923055309/0001104659-23-055309-index.htm - Material Agreements Maxar Technologies Inc. terminated 7.54% Notes Indenture with Wilmington Trust, National Association (effective 2023-05-03). - Action: termination - Agreement: notes offering - Counterparty: Wilmington Trust, National Association - Effective: 2023-05-03 source text: As of the Closing Date, Maxar satisfied and discharged (i) the Indenture, dated June 25, 2020, among Maxar, the subsidiary guarantors party thereto from time to time and Wilmington Trust, National Association, as trustee and as collateral agent (the "7.54% Notes Indenture") evidence_url: https://www.sec.gov/Archives/edgar/data/1121142/000110465923055309/0001104659-23-055309-index.htm - Material Agreements Maxar Technologies Inc. terminated Credit Agreement with Royal Bank of Canada (effective 2023-05-03). - Action: termination - Agreement: credit facility - Counterparty: Royal Bank of Canada - Effective: 2023-05-03 source text: On the Closing Date, Maxar prepaid in full all amounts, and terminated all commitments, outstanding under its Second Amended and Restated Credit Agreement, dated as of June 14, 2022, among Maxar, the lenders party thereto from time to time and Royal Bank of Canada, as administrative agent and collateral agent (as amended, restated, supplemented or otherwise modified, the "Credit Agreement"). evidence_url: https://www.sec.gov/Archives/edgar/data/1121142/000110465923055309/0001104659-23-055309-index.htm - Material Agreements Maxar Technologies Inc. terminated 7.75% Notes Indenture with Wilmington Trust, National Association (effective 2023-05-03). - Action: termination - Agreement: notes offering - Counterparty: Wilmington Trust, National Association - Effective: 2023-05-03 source text: 022, among Maxar, the subsidiary guarantors party thereto from time to time and Wilmington Trust, National Association, as trustee and as collateral agent (the “7.75% Notes Indenture,” and together with the 7.54% Notes Indenture, the “Notes Indentures”), evidence_url: https://www.sec.gov/Archives/edgar/data/1121142/000110465923055309/0001104659-23-055309-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.