ICEYE has secured a €300 million, three-year revolving credit facility arranged by a seven-bank syndicate including Citi and Danske Bank. The facility is intended to support customer contract guarantees and provide additional liquidity as the company continues to scale its operations. ICEYE, which operates a synthetic aperture radar (SAR) satellite constellation used for Earth observation and monitoring, has recently reported strong growth and is expanding its footprint across defence, intelligence, insurance, and emergency management markets. The financing is aimed at supporting ongoing international expansion and operational scaling following a year of significant growth in 2025.
ICEYE operates a synthetic aperture radar (SAR) satellite constellation to provide persistent monitoring of activity and changes on the planet’s surface. The company delivers imaging and data services that can be used in all-weather, day-and-night conditions, serving customers across government, defence, insurance, and disaster response sectors. It also supports governments and organizations that operate their own satellite systems by providing space infrastructure and related capabilities. Headquartered in Finland, ICEYE operates internationally with teams across Europe, North America, the Middle East, and Asia.
The seven-bank syndicate is comprised of Nordic, regional and global relationship banking partners. The complimentary capabilities and collective operating footprint of the bank group are strategically aligned with ICEYE’s global expansion plan into new key markets.
“2025 was a defining year for ICEYE as we scaled revenue, profitability, and cash generation simultaneously,” said John Lauria, Global Head of Treasury, ICEYE. “The RCF origination reflects continued confidence in ICEYE’s business and demonstrates our ability to access diverse sources of capital to support rapid global growth. It also enhances our financial flexibility as demand for sovereign intelligence capabilities continues to grow exponentially.”
Citi and Danske Bank acted as Joint Global Coordinators and Mandated Lead Arrangers.
The RCF further strengthens ICEYE’s position following strong financial and operational performance in 2025, when the company doubled in size. ICEYE expects similar growth in 2026.
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Read the orginal article: https://arcticstartup.com/iceye-secures-e300m/
