---
schema_version: "secwatch.filing_event.v1"
accession: "0001366868-21-000067"
form_type: "8-K"
ticker: "GSAT"
cik: "0001366868"
company_name: "Globalstar, Inc."
filed_at: "2021-09-02T23:59:59+00:00"
generated_at: "2026-06-29T06:05:01.392321+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Globalstar receives $37.5M customer advance payment to reduce first lien debt

## Summary
- Received $37.5M advance from customer on August 30, 2021, on terms matching the June 2021 advance.
- Proceeds will repay a portion of the outstanding balance under Globalstar's first lien credit facility.
- Transaction creates a direct financial obligation (customer advance) offset by secured debt reduction.

## SEC filing metadata
- accession: 0001366868-21-000067
- form_type: 8-K
- ticker: GSAT
- cik: 0001366868
- company_name: Globalstar, Inc.
- filed_at: 2021-09-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1366868/000136686821000067/0001366868-21-000067-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1366868/000136686821000067/gsat-20210830.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001366868-21-000067
- JSON: https://secwatch.observer/filing/0001366868-21-000067.json
- Plain text: https://secwatch.observer/filing/0001366868-21-000067.txt

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