HawkEye 360, a global provider of signals intelligence data and analytics, announced that it has entered into a $125 million revolving credit facility maturing in May 2031.
The revolving credit facility enhances the Company’s liquidity and financial flexibility to support continued investment in its space-based radio frequency (“RF”) data and analytics platform, constellation expansion, product innovation and other strategic growth initiatives.
“This revolving credit facility provides additional financial flexibility with the ability to strengthen our balance sheet as we continue scaling the business and executing on growing customer demand across defense, intelligence and commercial markets,” said John Serafini, CEO of HawkEye 360.
Borrowings under the facility may be used for working capital, capital expenditures, strategic investments and other general corporate purposes. Bank of America is acting as administrative agent for the facility.
HawkEye 360 Enters Into $125 Million Revolving Credit Facility | GeoConnexion
