AST SpaceMobile, Inc. (ASTS): debt financing — AST SpaceMobile subsidiary signs $550M credit facility for Ligado spectrum transaction

AST SpaceMobile, Inc.

Spectrum USA I LLC entered $550M non-recourse senior secured delayed draw term loan on July 15, 2025.
Proceeds will support payment obligations to Ligado Networks for up to 45 MHz of lower mid-band spectrum in US/Canada.
Interest: Term SOFR + 8.0% or ABR + 9.0%; maturity 48-60 months depending on funding date.
Availability period through Oct 5, 2026, extendable 180 days for additional 1% fee.
Loan secured by substantially all assets of Spectrum USA I; no parent company guarantee.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

AST SpaceMobile, Inc. incurred credit facility of $550,000,000 with Sound Point Agency LLC at Term SOFR plus an applicable margin of 8.0% per annum or an alternate base rate maturing 60 months after the funding date if funding occurs on or prior to 6 months after March 5, 2025, (ii) 54 months after the funding date if funding occurs later th.

Instrument: credit facility
Principal: $550,000,000
Counterparty: Sound Point Agency LLC
Rate: Term SOFR plus an applicable margin of 8.0% per annum or an alternate base rate
Maturity: 60 months after the funding date if funding occurs on or prior to 6 months after March 5, 2025, (ii) 54 months after the funding date if funding occurs later th
Event: incurrence

Exact text from the filing

On July 15, 2025, Spectrum USA I, LLC, (the “Borrower”), an indirect wholly owned subsidiary of AST SpaceMobile, Inc. (the “Company”), entered into a credit agreement (the “Credit Agreement”) with Sound Point Agency LLC, as administrative agent and collateral agent (the “Agent”), and the lenders from time to time party thereto. The Credit Agreement provides for a non-recourse senior secured delayed draw term loan facility in an aggregate principal amount of $550,000,000 (the “Facility”).

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Source: SEC EDGAR

accession 0001493152-25-011288

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