Neros Signs $450M Conditional Loan Commitment with the Office of Strategic Capital to Establish America's Drone Industrial Base

Neros Signs $450M Conditional Loan Commitment with the Office of Strategic Capital to Establish America's Drone Industrial Base

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Neros Technologies has announced a $450M conditional loan commitment from the Office of Strategic Capital to accelerate vertically integrated manufacturing of multiple drone platforms and the critical components that go into them. Alongside the OSC commitment, Neros is committing $165M in equity to this effort, bringing the total project size to $615M. This capital puts Neros on the path to one million drones per year by 2028, and accelerates America toward drone dominance on a global scale.

WilmerHale advised Neros Technologies on the loan commitment.

The WilmerHale team was led by Nathan Moore and included Daniel Zimmermann, Jessica Lewis, William A. Caporizzo, Shafi Armatis, Michael Katz, Elizabeth Greene and Kavya Madhavpeddi.

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