Hadrian, an advanced manufacturing company building automated factories for America, closed a $360 million revolving credit facility. This facility allows Hadrian to further invest in the advanced manufacturing infrastructure, machinery and related hardware needed to achieve its production goals.
The financing was arranged by a group of financial firms. Morgan Stanley Senior Funding served as lead left arranger and bookrunner, with additional joint lead arrangers and bookrunners Western Alliance Bank, J. P. Morgan, First Citizens Bank, Customers Bank, HSBC Ventures USA, Axos Bank and Texas Capital Securities. The additional funds come a week after Hadrian announced its $1.37 billion Series D fundraise, which valued the company at $7.87 billion.
“This facility’s closing represents a key next step in Hadrian’s growth trajectory, and underscores the institutional confidence in our strategic direction,” Chris Power, founder and CEO of Hadrian, said. “This financing will play a critical role in facilitating Hadrian’s build out of the industrial capacity the United States needs to remain strategically competitive, while creating thousands of high-quality jobs across the country.”
The raise will directly support Hadrian’s continued expansion across its growing network of U.S. factories as the company scales production for defense and aerospace customers.
Kirkland & Ellis was counsel to Hadrian on the transaction.
