Iridium closes Aireon acquisition for $366.7M; assumes $154.7M debt

Iridium Communications Inc.

Completed acquisition of remaining 61% of Aireon for ~$366.7M; 50% cash, 50% deferred via no-interest loan due in one year.
Assumed Aireon's existing $154.7M term loan (original $175M) with SOFR+6.25% interest, maturing Oct 2028; Iridium provided parent guaranty.
Retention awards for CFO ($410k) and Chief Legal Officer ($873k) tied to closing of pending Rocket Lab merger; 60% vests at close, 40% at six months.
Aireon will operate as wholly owned subsidiary; CEO Don Thoma continues, reports to Iridium CEO Matt Desch.

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