DigitalGlobe to fund Radiant purchase with revolving line of credit

By Tali Rackner

Norfolk, Va., Oct. 11 – DigitalGlobe, Inc. plans to use drawings under its existing revolving line of credit to fund the $140 million cash consideration for its acquisition of Radiant Group, Inc. from Aston Capital, according to a press release.

The company will also use cash on hand to fund the acquisition, which is expected to close by the end of the year.

DigitalGlobe is a Westminster, Colo.-based provider of commercial high-resolution earth imagery products and services. Radiant is a Chantilly, Va.-based intelligence company.

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