LA PLATA, Maryland — Satellite-based signals intelligence service provider Kleos Space has secured an expensive debt facility designed to provide enough runway to build out its satellite constellation and generate revenue.
The four-year 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 cash, which at forecasted . . .
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