SpaceX looking to add $750 million in leveraged loans

Bank of America Merrill Lynch is said to be leading the deal according to sources.

According to sources familiar with the matter at hand, Space Exploration Technologies Corp, also known as SpaceX, is looking to add $750 million in leveraged loans.

Bank of America Merrill Lynch is leading the deal.

A lenders presentation will be held by the SpaceX management team on November 7, 2018.

SpaceX was founded by CEO Elon Musk in 2002 as a way to transport humans to other planets using its rockets and spacecrafts.

According to Hawthorne, California-based SpaceX’s website, the company employs more than 6,000 people.

SpaceX did not immediately return requests for comment.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s