HawkEye 360 secures $125 million revolving credit facility

HawkEye 360 Inc. (NYSE: HAWK) announced it has entered into a $125 million revolving credit facility that matures in May 2031, according to a company statement.

The signals intelligence data and analytics company said the facility will enhance its liquidity and financial flexibility to support investment in its space-based radio frequency data and analytics platform, constellation expansion, product innovation and 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.

The company said additional details regarding the amended credit agreement will be included in its 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.

HawkEye 360 provides signals intelligence services by detecting, geolocating and characterizing radio-frequency emissions worldwide for defense, intelligence and national security applications.

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