---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-020619"
form_type: "8-K"
ticker: "ASTS"
cik: "0001780312"
company_name: "AST SpaceMobile, Inc."
filed_at: "2025-11-03T23:59:59+00:00"
generated_at: "2026-05-17T00:55:14.292716+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# AST SpaceMobile subsidiary obtains $420M cash-collateralized loan from UBS

## Summary
- BackstopCo, LLC borrowed $420M at Term SOFR + 2%, maturing October 31, 2028.
- Loan is secured by substantially all assets of BackstopCo; AST SpaceMobile is not liable as borrower or guarantor.
- AST LLC is limited guarantor only for certain 'bad boy' events; recourse limited to AST LLC's equity in BackstopCo.
- Proceeds used to fund a collateral account and pay loan expenses; BackstopCo must maintain cash at 102% of outstanding principal.
- Loan can be prepaid without penalty; includes customary covenants and events of default.

## SEC filing metadata
- accession: 0001493152-25-020619
- form_type: 8-K
- ticker: ASTS
- cik: 0001780312
- company_name: AST SpaceMobile, Inc.
- filed_at: 2025-11-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1780312/000149315225020619/0001493152-25-020619-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1780312/000149315225020619/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-020619
- JSON: https://secwatch.observer/filing/0001493152-25-020619.json
- Plain text: https://secwatch.observer/filing/0001493152-25-020619.txt

## Key facts
- Debt Financings
  AST SpaceMobile, Inc. incurred term loan of $420.0 million with UBS AG, Stamford Branch at Term SOFR plus 2.0% per annum maturing earlier of (a) October 31, 2028 and (b) the date on which the Loan Facility shall be terminated or accelerated.
  - Instrument: term loan
  - Principal: $420.0 million
  - Counterparty: UBS AG, Stamford Branch
  - Rate: Term SOFR plus 2.0% per annum
  - Maturity: earlier of (a) October 31, 2028 and (b) the date on which the Loan Facility shall be terminated or accelerated
  - Event: incurrence
  source text: On October 31, 2025 (the “Closing Date”), BackstopCo, LLC (“BackstopCo”), a subsidiary of AST & Science, LLC (“AST LLC”) entered into a loan agreement with UBS AG, Stamford Branch as lender (the “Loan Agreement”). The Loan Agreement provides for a cash collateralized term loan facility (the “Loan Facility”) in an aggregate principal amount of $420.0 million (“Loan Amount”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1780312/000149315225020619/0001493152-25-020619-index.htm

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