Iridium reduces credit facility interest margin by 25bps to SOFR+2.25%

Iridium Communications Inc.

Interest rate margin reduced from SOFR+2.50% to SOFR+2.25%, 0.75% SOFR floor unchanged.
Amendment No. 2 dated June 4, 2024; borrowings issued at par.
Prepayment premium refreshed to apply until 6 months after June 4, 2024.
All other material terms of the existing credit agreement remain unchanged.

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