---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-042594"
form_type: "8-K"
ticker: "ASTS"
cik: "0001780312"
company_name: "AST SpaceMobile, Inc."
filed_at: "2023-08-15T23:59:59+00:00"
generated_at: "2026-06-11T09:32:42.812510+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# AST SpaceMobile closes $100M Atlas credit facility, draws $48.5M at 14.75% interest

## Summary
- Up to $100M total commitment; $48.5M drawn at closing; remaining $51.5M conditional on equity raises and insurance.
- Interest fixed at 3-month SOFR + 9.625% (14.75% on initial draw), quarterly payments; matures August 14, 2026.
- Net proceeds $37.3M after fees and escrows; also entered $15M Lone Star loan secured by Texas facility.
- Covenants include minimum liquidity, restrictions on dividends and indebtedness; Lone Star loan requires retaining CEO.
- Proceeds for general corporate purposes; secured by substantially all assets of the company and subsidiaries.

## SEC filing metadata
- accession: 0000950170-23-042594
- form_type: 8-K
- ticker: ASTS
- cik: 0001780312
- company_name: AST SpaceMobile, Inc.
- filed_at: 2023-08-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1780312/000095017023042594/0000950170-23-042594-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1780312/000095017023042594/asts-20230814.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-042594
- JSON: https://secwatch.observer/filing/0000950170-23-042594.json
- Plain text: https://secwatch.observer/filing/0000950170-23-042594.txt

## Key facts
- Debt Financings
  AST SpaceMobile, Inc. incurred term loan of up to $100.0 million with Atlas Credit Partners, LLC at 14.75% maturing August 14, 2026.
  - Instrument: term loan
  - Principal: up to $100.0 million
  - Counterparty: Atlas Credit Partners, LLC
  - Rate: 14.75%
  - Maturity: August 14, 2026
  - Event: incurrence
  source text: On August 14, 2023, AST & Science, LLC ("AST LLC"), a wholly owned subsidiary of AST SpaceMobile, Inc. (the "Company") entered into a senior secured term loan credit agreement with ACP Post Oak Credit II LLC as administrative agent and collateral agent and Atlas Credit Partners, LLC ("Atlas") as lender, providing for a principal loan commitment of up to $100.0 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1780312/000095017023042594/0000950170-23-042594-index.htm
- Debt Financings
  AST SpaceMobile, Inc. incurred term loan of $15.0 million with Lone Star State Bank of West Texas at Prime Rate plus 0.75% maturing January 14, 2029.
  - Instrument: term loan
  - Principal: $15.0 million
  - Counterparty: Lone Star State Bank of West Texas
  - Rate: Prime Rate plus 0.75%
  - Maturity: January 14, 2029
  - Event: incurrence
  source text: on August 14, 2023, AST LLC and certain other subsidiaries of the Company entered into a loan agreement with Lone Star State Bank of West Texas ("Lone Star") as lender, providing for $15.0 million principal term loan commitment secured by certain real property fixtures and equipment
  evidence_url: https://www.sec.gov/Archives/edgar/data/1780312/000095017023042594/0000950170-23-042594-index.htm
- Material Agreements
  AST SpaceMobile, Inc. entered into Lone Star Loan Agreement with Lone Star State Bank of West Texas valued at $15.0 million principal term loan commitment (effective 2023-08-14).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Lone Star State Bank of West Texas
  - Value: $15.0 million principal term loan commitment
  - Effective: 2023-08-14
  source text: on August 14, 2023, AST LLC and certain other subsidiaries of the Company entered into a loan agreement with Lone Star State Bank of West Texas (“Lone Star”) as lender, providing for $15.0 million principal term loan commitment secured by certain real property fixtures and equipment
  evidence_url: https://www.sec.gov/Archives/edgar/data/1780312/000095017023042594/0000950170-23-042594-index.htm
- Material Agreements
  AST SpaceMobile, Inc. entered into Atlas Credit Agreement with Atlas Credit Partners, LLC valued at $100.0 million principal loan commitment, $48.5 million borrowed at closing (effective 2023-08-14).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Atlas Credit Partners, LLC
  - Value: $100.0 million principal loan commitment, $48.5 million borrowed at closing
  - Effective: 2023-08-14
  source text: On August 14, 2023, AST & Science, LLC (“AST LLC”), a wholly owned subsidiary of AST SpaceMobile, Inc. (the “Company”) entered into a senior secured term loan credit agreement with ACP Post Oak Credit II LLC as administrative agent and collateral agent and Atlas Credit Partners, LLC (“Atlas”) as lender, providing for a principal loan commitment of up to $100.0 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1780312/000095017023042594/0000950170-23-042594-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.