Satellite SigInt operator Kleos secures $7M loan to relieve liquidity pressure, build out constellation

by Peter B. de Selding

LA PLATA, Maryland — Satellite-based signals intelligence serve provider Kleos Space has secured a debt facility that, while expensive, is designed to provide enough runway to build out its satellite constellation and generate revenue.

The four-year debt facility from PURE Asset Management, valued at 10 million Australian dollars ($6.9 million), will be drawn down in two tranches, of 6 million and 4 million Australian dollars.

Australia- and Luxembourg-based Kleos as of June 30 had 2.4 million euros $2.5 million) in . . .

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