Iridium adds $200M term loans; proceeds to repay revolver and fund buybacks

Iridium Communications Inc.

Iridium Satellite LLC borrowed $200M in additional term loans under existing credit agreement.
Terms mirror existing $1.62B term loans: SOFR + 2.25%, 0.75% floor, maturity Sept 20, 2030.
Loans issued at 1% discount to face value; $50M used to repay revolving credit facility.
Remaining proceeds earmarked for general corporate purposes and accelerated share repurchases.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.