{"schema_version":"secwatch.filing_event.v1","accession":"0001366868-23-000042","form_type":"8-K","ticker":"GSAT","cik":"0001366868","company_name":"Globalstar, Inc.","filed_at":"2023-03-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.635074+00:00","generated_at":"2026-06-17T10:11:04.528467+00:00","sec_items":["1.01","7.01","9.01","8.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Globalstar issues $200M 13% Senior Notes due 2029 to repay existing debt","bullets":["$200M aggregate principal, 13% interest, non-convertible, due September 2029.","Proceeds to repay ~$148M outstanding under 2019 Facility, plus fees and general corporate purposes.","Notes issued at 95% of principal; interest 4% cash + 9% PIK (or cash at company's option).","Transaction expected to close March 31, 2023; Goldman Sachs acted as placement agent.","Värde Partners affiliate is lead purchaser; notes are senior unsecured obligations."],"urls":{"canonical":"https://secwatch.observer/filing/0001366868-23-000042","json":"https://secwatch.observer/filing/0001366868-23-000042.json","markdown":"https://secwatch.observer/filing/0001366868-23-000042.md","text":"https://secwatch.observer/filing/0001366868-23-000042.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1366868/000136686823000042/0001366868-23-000042-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1366868/000136686823000042/gsat-20230328.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T10:11:04.528467+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":"5e3dfa921061b17ba4eb6ddcbfd74f5913ef4754","claim":"Globalstar, Inc. entered into Purchase Agreement with an affiliate of Värde Partners and the other purchasers party thereto valued at $200.0 million (effective 2023-03-28).","evidence_excerpt":"On March 28, 2023, Globalstar, Inc. (the “Company”) entered into a Purchase Agreement (the “Purchase Agreement”) among the Company, as issuer, the subsidiary guarantors party thereto (each, a “Subsidiary Guarantor” and collectively, the “Subsidiary Guarantors”), an affiliate of Värde Partners and the other purchasers party thereto (collectively, the “Purchasers”) providing for the sale of $200.0 million aggregate principal amount of the Company’s non-convertible 13% Senior Notes due 2029 (the “Notes”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1366868/000136686823000042/0001366868-23-000042-index.htm","confidence":1.0,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"an affiliate of Värde Partners and the other purchasers party thereto"},{"label":"Value","value":"$200.0 million"},{"label":"Effective","value":"2023-03-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}