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Iceye has secured a €300 million, three-year committed revolving credit facility (RCF) from seven banking partners to support its global growth and expansion.
ICEYE has secured a €300 million, three-year committed revolving credit facility (RCF) to support its continued global growth and expansion. Backed by seven banking partners, the RCF will support the issuance of guarantees for customer contracts, enable continued business growth, and serve as a liquidity backstop. “The RCF origination reflects continued confidence in ICEYE’s business and demonstrates our ability to access diverse sources of capital to support rapid global growth,” said John Lauria Jr, Global Head of Treasury at ICEYE. “It also enhances our financial flexibility as demand for sovereign intelligence capabilities continues to grow exponentially.” For more information, read the full press release here: https://hubs.li/Q04hs6qJ0
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