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.

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