---
schema_version: "secwatch.filing_event.v1"
accession: "0001418819-24-000030"
form_type: "8-K"
ticker: "IRDM"
cik: "0001418819"
company_name: "Iridium Communications Inc."
filed_at: "2024-06-05T23:59:59+00:00"
generated_at: "2026-06-01T06:13:44.483885+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001418819-24-000030
- form_type: 8-K
- ticker: IRDM
- cik: 0001418819
- company_name: Iridium Communications Inc.
- filed_at: 2024-06-05T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1418819/000141881924000030/0001418819-24-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1418819/000141881924000030/irdm-20240604.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001418819-24-000030
- JSON: https://secwatch.observer/filing/0001418819-24-000030.json
- Plain text: https://secwatch.observer/filing/0001418819-24-000030.txt

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