---
schema_version: "secwatch.filing_event.v1"
accession: "0001366868-21-000076"
form_type: "8-K"
ticker: "GSAT"
cik: "0001366868"
company_name: "Globalstar, Inc."
filed_at: "2021-11-12T23:59:59+00:00"
generated_at: "2026-06-28T09:01:38.150481+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Globalstar repays $62M First Lien Credit Facility; second lien becomes first lien

## Summary
- Repaid approximately $62.0 million of First Lien Credit Facility, funded by $51.1M from debt service reserve and cash on hand.
- First Lien Credit Facility terminated; expect insurance premium refund of about $2.5 million.
- Second Lien Term Loan Facility liens automatically became first liens; outstanding principal ~$255.0M.

## SEC filing metadata
- accession: 0001366868-21-000076
- form_type: 8-K
- ticker: GSAT
- cik: 0001366868
- company_name: Globalstar, Inc.
- filed_at: 2021-11-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1366868/000136686821000076/0001366868-21-000076-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1366868/000136686821000076/gsat-20211108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001366868-21-000076
- JSON: https://secwatch.observer/filing/0001366868-21-000076.json
- Plain text: https://secwatch.observer/filing/0001366868-21-000076.txt

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