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Vertical Aerospace Secures Full $850M Financing Package; To Provide $160M In Near-Term Working Capital To Support Electric Aviation Milestones

Benzinga·04/20/2026 12:13:50
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Vertical Aerospace ("Vertical" or "Company") (NYSE:EVTL), a global aerospace and technology company that is pioneering electric aviation, announced today that it has executed and closed the remaining components of its previously announced comprehensive financing package totaling up to $850 million.

The comprehensive financing package, originally announced on March 30, 2026 as an $800 million agreement in principle alongside a completed $50 million equity capital raise, positions Vertical to deliver on the technical and operational milestones on its strategic road map, while also maintaining flexibility to access other capital sources outside of the package in the future.

With the closing of the package, a suite of capital facilities is now available to Vertical, which will now have approximately $160 million of working capital in the near term. In connection with the closing of the facilities, the Company has initially drawn down an aggregate of $30 million under the facilities.

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