HedgeCo.Net — Castelion announced a $1 billion Series C on August 19. The company described the round as $800 million of equity financing plus $250 million of committed financing for a revolving credit facility, and said the equity values the Torrance, California defense manufacturer at $13 billion. SpaceNews independently reported the same split, co-leads, and $13 billion mark. Do not read $1 billion as all equity. Eight hundred million is the equity check. Two hundred fifty million is committe...
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