The refinancing extends HawkEye's debt maturity to 2031 and provides $125M of revolving capacity, improving liquidity flexibility. Monitor the first quarterly compliance certificate (due after June 30, 2026) for the initial leverage ratio and interest coverage calculations, which will set the pricing grid. The termination of prior secured loans removes potential cross-default triggers from those agreements.
Price Chart
Executive Summary
HawkEye 360 entered into a new $125M senior secured revolving credit facility with Bank of America, Goldman Sachs, Morgan Stanley, and Royal Bank of Canada, maturing in 2031. The company simultaneously repaid and terminated its existing Senior Term Loan with Silicon Valley Bank and Mezzanine Loan with First-Citizens Bank. This refinancing extends HawkEye's debt maturity profile and provides increased liquidity, but introduces secured debt covenants and a floating-rate interest structure.
Key Financial Metrics
Key Facts
- New $125M senior secured revolving credit facility maturing May 19, 2031
- Interest rate: Term SOFR + 2.25%-3.00% or Base Rate + 1.25%-2.00%
- Financial covenants: max Total Net Leverage Ratio 3.50x stepping down to 3.00x; min Interest Coverage Ratio 3.00x
- Existing Senior Term Loan (SVB) and Mezzanine Loan (First-Citizens) repaid in full and terminated
- Facility secured by first-priority liens on substantially all personal property of the company and guarantors
- Lenders include Bank of America, Goldman Sachs, Morgan Stanley, and Royal Bank of Canada
Financial Impact
New $125M revolving credit facility replaces prior debt; no specific outstanding balances or interest savings disclosed
Risk Factors
- Floating-rate exposure: Term SOFR + up to 3.00% could increase interest costs if rates rise
- Covenant step-down to 3.00x leverage ratio after Q4 2027 may constrain future M&A or investment capacity
- Secured facility grants first-priority liens on substantially all assets, limiting unsecured borrowing flexibility
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-037051 |
| Document: hawk-20260518.htm | 0001628280-26-037051 |
| Document: 0001628280-26-037051-index-headers.html | 0001628280-26-037051 |
| Document: 0001628280-26-037051-index.html | 0001628280-26-037051 |
| Document: 0001628280-26-037051.txt | 0001628280-26-037051 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 17, 2026 5w ago | Insider Cluster | $16.27 $12.44 | ▲ +23.54% | ▲ +23.75% | $12.76 (+21.57%) |
Sep 15, 2026 5w ago | Press Release | $16.49 $12.98 | ▼ −21.29% | ▼ −24.26% | $12.76 (−22.62%) |
Aug 18, 2026 9w ago | Press Release | $21.89 $16.37 | ▼ −25.24% | ▼ −24.25% | $12.76 (−41.71%) |
Jun 22, 2026 18w ago | 8-K | $22.28 $18.69 | ▲ +16.11% | ▲ +15.97% | $12.76 (+42.73%) |
May 21, 2026 22w ago | 8-K | $29.63 $22.23 | ▼ −24.99% | ▼ −25.32% | $12.76 (−56.94%) |
May 7, 2026 24w ago | EFFECT | $34.00 $25.91 | ▼ −23.79% | ▼ −26.93% | $12.76 (−62.47%) |
May 6, 2026 24w ago | 3 | $34.00 $25.91 | ▼ −23.79% | ▼ −26.93% | $12.76 (−62.47%) |
May 6, 2026 24w ago | 3 | $34.00 $25.91 | ▼ −23.79% | ▼ −26.93% | $12.76 (−62.47%) |
May 6, 2026 24w ago | 3 | $34.00 $25.91 | ▼ −23.79% | ▼ −26.93% | $12.76 (−62.47%) |
May 6, 2026 24w ago | 3 | $34.00 $25.91 | ▼ −23.79% | ▼ −26.93% | $12.76 (−62.47%) |
US Market Status
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