Iridium launches $200M incremental term loan to accelerate share repurchases

Iridium Communications Inc.

Announced $200M incremental term loan on same terms as existing $1.62B credit agreement.
Proceeds intended to accelerate share repurchases under existing program and for general corporate purposes.
Credit agreement amended as of September 20, 2023 with Deutsche Bank as administrative agent.
Joint lead arrangers include Deutsche Bank Securities, Barclays, RBC, and Wells Fargo Securities.

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