Astroscale Holdings Inc. (“Astroscale”) has entered into a loan agreement of JPY 3 billion (approx. $22 million) with Mizuho Bank, Ltd. (“Mizuho Bank”).
This agreement will provide Astroscale with additional financial support for the company’s current and future projects, accelerating the company’s business development efforts.
The agreement is the first for Astroscale with Mizuho Bank and brings the cumulative debt raised to a total of JPY 11 billion (approx. $83 million). It is a valuable opportunity for Astroscale to secure funds through alternative means in a challenging, economic environment.
“Entering this loan agreement with Mizuho Bank provides Astroscale with greater financial flexibility to achieve our objective of establishing routine on-orbit services. We have a strong partnership with Mizuho Bank, and I am confident that this agreement will enable us to continue to grow and innovate.” — Nobu Okada, Founder and CEO of Astroscale