BlackSky US$20m revolving credit facility (Stifel Bank)
Growth initiatives, working capital and general corporate purposes
Key terms
- Borrower or issuer
- BlackSky
- Date
- 11 Apr 2024
- Type
- Bank facility
- Amount
- US$20m
- Pricing
- Greater of prime rate and 6.00%; 0.25% unused line fee
- Maturity
- 2026-06-30
Recorded terms
- Structure
- Loan and security agreement: US$20m revolver (US$10m available at closing, rest after 28 June 2024) with a US$0.5m letter of credit subfacility; secured on substantially all assets including IP; minimum revenue covenant
- Lenders and arrangers
- Stifel Bank, lender
- Country
- United States
Parties
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 28 Mar 2024 | Inmarsat US$1.85bn term loan and revolver refinancing (2024) | Bank facility | US$1.85bn |
| 10 Oct 2023 | Aireon US$175m secured term loans | Bank facility | US$175m |
| 20 Sep 2023 | Iridium US$1.5bn term loan B and US$100m revolver (2023 amendment) | Bank facility | US$1.6bn |
| 24 Aug 2023 | Viasat US$597.5m revolving credit facility (2023 extension) | Bank facility | US$597.5m |
| 14 Aug 2023 | AST SpaceMobile US$100m senior secured term loan (Atlas Credit Partners) | Bank facility | US$100m |
More from BlackSky
| Date | Financing | Type | Amount |
|---|---|---|---|
| 22 Jul 2025 | BlackSky US$160m 8.25% convertible senior notes due 2033 | Convertible | US$160m |
M&A and investment involving BlackSky
| Date | Deal | Type | Value |
|---|---|---|---|
| 25 Sep 2024 | BlackSky US$40m share offering | Equity raise | US$40m |
| 9 Sep 2021 | BlackSky SPAC merger with Osprey Technology | SPAC merger | US$283m |
Sources
- BlackSky Form 8-K: loan and security agreement sec.gov · 15 Apr 2024
About this record
Record ORB-2024-0014, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
A revolving or term facility is a relationship loan from a bank group, priced at a margin over a reference rate, with financial covenants and an agent.
