Rocket Lab to acquire Iridium for $27 cash plus stock; $3.6B bridge loan

Rocket Lab Corp

Iridium shareholders to receive $27 cash plus 0.24–0.40 RKLB shares per share, depending on RKLB VWAP.
Termination fee of $223.62M payable by Iridium to Rocket Lab if Iridium accepts a superior proposal or withdraws recommendation.
Rocket Lab secured a $3.6B 364-day senior secured bridge term loan from Deutsche Bank and Wells Fargo.
Closing subject to Iridium stockholder vote, HSR, FCC, and foreign regulatory approvals; outside date June 28, 2027.

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