TL;DR / Executive Summary
- HawkEye 360 has entered into a $125 million revolving credit facility maturing in May 2031.
- The move supports long-term scaling across defence, intelligence and commercial markets.
HawkEye 360 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.
Additional details regarding the amended credit agreement will be included in the Company’s Current Report on Form 8-K to be filed with the Securities and Exchange Commission.
Cooley LLP acted as legal counsel to Hawkeye 360 in connection with the financing.
