---
schema_version: "secwatch.filing_event.v1"
accession: "0001366868-23-000014"
form_type: "8-K"
ticker: "GSAT"
cik: "0001366868"
company_name: "Globalstar, Inc."
filed_at: "2023-02-14T23:59:59+00:00"
generated_at: "2026-06-19T13:29:25.668090+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "medium"
source: SEC EDGAR
---

# Globalstar extends debt conversion/refinancing deadline to March 13, 2023, notifies EchoStar of intent to prepay loans

## Summary
- Extended deadline to convert or refinance 2019 Facility loans to March 13, 2023.
- Provided notice to EchoStar of intent to voluntarily prepay all remaining amounts.
- Plans to satisfy 2019 Facility obligations within 30 days.
- Intends to use cash flows from operations to reduce external financing needs.

## SEC filing metadata
- accession: 0001366868-23-000014
- form_type: 8-K
- ticker: GSAT
- cik: 0001366868
- company_name: Globalstar, Inc.
- filed_at: 2023-02-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: medium
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1366868/000136686823000014/0001366868-23-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1366868/000136686823000014/gsat-20230213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001366868-23-000014
- JSON: https://secwatch.observer/filing/0001366868-23-000014.json
- Plain text: https://secwatch.observer/filing/0001366868-23-000014.txt

## Key facts
- Material Agreements
  Globalstar, Inc. amended 2019 Facility Agreement with EchoStar Corporation (effective 2023-02-13).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: EchoStar Corporation
  - Effective: 2023-02-13
  source text: On February 13, 2023, Globalstar, Inc. (the “Company”) and its partner (the “Partner”) under its previously disclosed Partnership Agreements agreed to the following amendments: (i) extend the Company’s deadline to convert or refinance the remaining loans outstanding under the 2019 Facility Agreement (originally entered into with Thermo, an affiliate of EchoStar Corporation (“EchoStar”) and certain other unaffiliated lenders) until March 13, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1366868/000136686823000014/0001366868-23-000014-index.htm

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