{"schema_version":"secwatch.filing_event.v1","accession":"0001418819-26-000032","form_type":"8-K","ticker":"IRDM","cik":"0001418819","company_name":"Iridium Communications Inc.","filed_at":"2026-05-14T11:00:42+00:00","discovered_at":"2026-05-14T11:05:00.347530+00:00","generated_at":"2026-05-14T11:09:12.994349+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Iridium to acquire remaining 61% of Aireon for $366.7M; assumes $155M debt","bullets":["Purchase price $366.7M for 61% of Aireon; paid 50% at closing, 50% deferred for one year.","Iridium assumes Aireon's $155M debt; acquisition expected to add $100M annual service revenue and $30M OEBITDA.","Aireon's total revenue grew at 10% CAGR over past three years; acquisition accretive to growth.","NAV CANADA and NATS sign extended data services agreements through 2035.","Transaction targeted to close early July 2026; net leverage expected ~4.0x OEBITDA in Q3 2026, returning to normal within 12 months."],"urls":{"canonical":"https://secwatch.observer/filing/0001418819-26-000032","json":"https://secwatch.observer/filing/0001418819-26-000032.json","markdown":"https://secwatch.observer/filing/0001418819-26-000032.md","text":"https://secwatch.observer/filing/0001418819-26-000032.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1418819/000141881926000032/0001418819-26-000032-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1418819/000141881926000032/irdm-20260513.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T11:09:12.994349+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":"254e04f477ef05d3fb65288b453360d68e7916cb","claim":"Iridium Communications Inc. entered into Securities Purchase Agreement with NAV CANADA, The Irish Air Navigation Service, ENAV S.P.A., Naviair Surveillance A/S, NATS (Services) Limited, and certain of their affiliated entities valued at aggregate purchase price approximately $366.7 million; 50% cash at Closing, 50% deferred with $183.3 (effective 2026-05-13).","evidence_excerpt":"On May 13, 2026, Iridium Communications Inc. (the “Company”), through its wholly owned subsidiary Iridium Monitor Holdings LLC (“Iridium Monitor Holdings”), entered into a Securities Purchase Agreement (the “Purchase Agreement”) with NAV CANADA, The Irish Air Navigation Service, ENAV S.P.A., Naviair Surveillance A/S, NATS (Services) Limited, and certain of their affiliated entities (collectively, the “Sellers”), pursuant to which Iridium Monitor Holdings agreed to acquire the remaining 61% of equity interests in Aireon Holdings LLC (“Aireon”) that the Company does not already own.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1418819/000141881926000032/0001418819-26-000032-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"NAV CANADA, The Irish Air Navigation Service, ENAV S.P.A., Naviair Surveillance A/S, NATS (Services) Limited, and certain of their affiliated entities"},{"label":"Value","value":"aggregate purchase price approximately $366.7 million; 50% cash at Closing, 50% deferred with $183.3"},{"label":"Effective","value":"2026-05-13"}],"fact_type":"material_agreement"},{"claim_id":"99daac9d44463fc99b5eca19a45ae64674ff0e9b","claim":"Iridium Communications Inc. entered into Credit and Guaranty Agreement with NAV CANADA, The Irish Air Navigation Service, ENAV S.P.A., Naviair Surveillance A/S, NATS (Services) Limited, and certain of their affiliated entities valued at $183.36 million term loan, bearing no interest, maturing one year following Closing (effective 2026-05-13).","evidence_excerpt":"At Closing, Iridium Monitor Holdings will enter into the Credit and Guaranty Agreement pursuant to which the Sellers will provide Iridium Monitor Holdings with a $183.36 million term loan, bearing no interest, and maturing one year following the Closing, to fund the deferred portion of the purchase price.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1418819/000141881926000032/0001418819-26-000032-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"NAV CANADA, The Irish Air Navigation Service, ENAV S.P.A., Naviair Surveillance A/S, NATS (Services) Limited, and certain of their affiliated entities"},{"label":"Value","value":"$183.36 million term loan, bearing no interest, maturing one year following Closing"},{"label":"Effective","value":"2026-05-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}