Spire Global secures 4-year, $120M loan with Blue Torch Finance; finder’s fee for Urgent Capital LLC

by Peter B. de Selding

PARIS — Multi-mission small-satellite constellation operator Spire Global entered into a four-year credit agreement with Blue Torch Finance LLC for up to $120 million, to be used in part to pay off a $70-million credit line.

Spire, which had previously told investors to expect such a deal, has said it has no immediate need for cash but wanted to tap the credit markets to give itself a cushion in the event a merger/acquisition opportunity or other unforeseen expense presented itself.

Spire . . .

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