{"schema_version":"secwatch.filing_event.v1","accession":"0001366868-23-000017","form_type":"8-K","ticker":"GSAT","cik":"0001366868","company_name":"Globalstar, Inc.","filed_at":"2023-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.634180+00:00","generated_at":"2026-06-18T21:33:20.394729+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Globalstar partner prepays $252M for satellite costs, replaces external financing","bullets":["Partner will prepay $252M under amended Partnership Agreements for satellite procurement, launch, insurance costs.","Prepayment replaces requirement to raise third-party financing; remaining costs from operating cash flows.","Recouped over 16 quarters starting no later than Q3 2025; subject to interest coverage and leverage covenants.","Guaranteed by Thermo Funding II, LLC (affiliate of Executive Chairman) pending shareholder approval.","Conditions: convert/refinance 2019 Facility by March 13, 2023; grant Partner first-priority asset lien."],"urls":{"canonical":"https://secwatch.observer/filing/0001366868-23-000017","json":"https://secwatch.observer/filing/0001366868-23-000017.json","markdown":"https://secwatch.observer/filing/0001366868-23-000017.md","text":"https://secwatch.observer/filing/0001366868-23-000017.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1366868/000136686823000017/0001366868-23-000017-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1366868/000136686823000017/gsat-20230227.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T21:33:20.394729+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9cfbfc522869c225eb31cea6adc3d7b80e31f9aa","claim":"Globalstar, Inc. amended Partnership Agreements with Partner valued at $252 million (effective 2023-02-27).","evidence_excerpt":"On February 27, 2023, Globalstar, Inc. (the “Company”) and its partner (the “Partner”) agreed to amend its previously disclosed Partnership Agreements to provide for, among other things, the Partner’s prepayment of $252 million to the Company (the “Prepayment”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1366868/000136686823000017/0001366868-23-000017-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"collaboration"},{"label":"Counterparty","value":"Partner"},{"label":"Value","value":"$252 million"},{"label":"Effective","value":"2023-02-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}