---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-033456"
form_type: "8-K"
ticker: "IRDM"
cik: "0001418819"
company_name: "Iridium Communications Inc."
filed_at: "2024-07-30T23:59:59+00:00"
generated_at: "2026-05-31T15:11:40.489823+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-033456
- form_type: 8-K
- ticker: IRDM
- cik: 0001418819
- company_name: Iridium Communications Inc.
- filed_at: 2024-07-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1418819/000162828024033456/0001628280-24-033456-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1418819/000162828024033456/irdm-20240730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-033456
- JSON: https://secwatch.observer/filing/0001628280-24-033456.json
- Plain text: https://secwatch.observer/filing/0001628280-24-033456.txt

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