HawkEye 360 Enters Into $125 Million Revolving Credit Facility
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
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.
About HawkEye 360
HawkEye 360 is equipping defense, intelligence, and national security leaders with mission-critical signals intelligence to enable faster, better decision-making. By detecting, geolocating, and characterizing radio-frequency emissions worldwide, HawkEye 360 delivers trusted domain awareness and early-warning indicators to the US Government and allied partners. Our space-based collection, proprietary signal processing, and AI-powered analytics transform knowledge of RF spectrum into a strategic advantage. Proven by operational mission success, HawkEye 360 is redefining how signals intelligence strengthens national and global security.
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical fact, including statements regarding the Company's liquidity and financial flexibility, the Company continuing to scale the business and growing customer demand, are forward-looking statements and represent the Company's views as of the date of this press release. The words "will," "expects," "plans," "could," "would," "believes," "anticipates," "intends," "may," "continue," "estimate," or similar expressions are intended to identify forward-looking statements. The Company has based these forward-looking statements on its current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of assumptions and risks and uncertainties, many of which involve factors or circumstances that are beyond the Company's control that could affect its financial results. These risks and uncertainties are detailed in the sections titled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's final prospectus related to its initial public offering, dated
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SOURCE HawkEye 360 Inc.
