Hadrian closes $360M revolving credit facility to expand US manufacturing
What’s the deal? Hadrian, the advanced manufacturing startup building automated factories for aerospace and defence, has closed a $360 million revolving credit facility. Morgan Stanley Senior Funding served as lead left arranger and bookrunner.
Joint lead arrangers included Western Alliance Bank, J.P. Morgan, First Citizens Bank, Customers Bank, HSBC Ventures USA, Axos Bank, and Texas Capital Securities.
Why now? The facility lands in August 2026, a week after Hadrian raised a $1.37 billion Series D that valued it at $7.87 billion. The debt will fund manufacturing infrastructure, machinery, and hardware as the company scales output for defence and aerospace customers.
By the numbers: The raise ranks in the top 1% by size among 63 debt rounds by US robotics companies over the past four years.
What’s the endgame? Hadrian is building highly automated factories that combine process engineering, AI, and robotics, aiming to help space and defence manufacturers run full programmes at scale in the US. The company operates four facilities covering just under three million square feet.
Where’s it expanding? Beyond its two Torrance, California sites, Hadrian has launched new factories in Arizona and Alabama, with more in development across the country. The credit line directly supports that growing network as production ramps.
What they’re saying: The facility “underscores the institutional confidence in our strategic direction,” said chief executive officer and founder Chris Power. He added the financing will help build “the industrial capacity the United States needs to remain strategically competitive, while creating thousands of high-quality jobs across the country.”
The signal: Pairing a large equity round with an even swifter debt facility shows how capital-intensive reshoring plays are stacking financing to move fast. For Hadrian, machinery and factory buildout are the constraint — and lenders are betting on defence demand to fill them.
Image credit: Hadrian
Read more: PR Newswire
