Australia's Kleos Space climbs on securing debt facility

Kleos Space SA

04/07/2022 04:09

** Shares of Kleos Space SA  KSS.AX  rise as much as 2.5% to
A$0.405, on track for their biggest intraday percentage gain
since June 24 
    ** The Luxembourg-based geo-location intelligence service
provider says it secured a four-year A$10 mln ($6.81 mln) debt
facility to fund operations and satellite constellation growth
 urn:newsml:reuters.com:*:nASX37dqS1
    ** Says it will use the funds to expand its low-earth orbit
constellation beyond the satellites already scheduled for launch
H2 2022
    ** Stock down ~46% this year, as of last close 

($1 = 1.4693 Australian dollars)

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))