Iridium completed the acquisition of the remaining 61% of Aireon for approximately $366.7 million, securing full ownership of the air traffic data provider. To finance the deferred portion, Iridium arranged a $183.36 million, one-year, zero-interest seller term loan secured by Aireon equity. Aireon’s existing $175 million term loan facility, now with $154.7 million outstanding, was amended and continues to mature on Oct 10, 2028, with interest at SOFR plus 6.25% or base plus 5.25% and stepped-up amortization from Q4 2026. Iridium also issued an unsecured parent guarantee of Aireon LLC’s obligations, consolidating Aireon’s debt within Iridium’s capital structure.
Agreement 1: Iridium Completes $366.7 Million Buyout of Aireon, Gaining Full Ownership
- Agreement type: Securities Purchase Agreement for remaining 61% of Aireon
- Counterparty: NAV CANADA; Irish Air Navigation Service; ENAV; Naviair Surveillance; NATS (Services) and affiliates
- Signed / Effective: Jul 02 2026 / Jul 02 2026
- Reason: Gain full control of Aireon and its data services
Agreement 2: Iridium Secures $183.36 Million One-Year, Zero-Interest Seller Loan for Aireon Deal
- Agreement type: Secured one-year, zero-interest term loan
- Counterparty: NAV CANADA; Irish Air Navigation Service; ENAV; Naviair Surveillance; NATS (Services) and affiliates
- Signed / Effective: Jul 02 2026 / Jul 02 2026
- Duration / Termination: 1 year
- Reason: Fund deferred purchase price for Aireon acquisition
Agreement 3: Iridium Amends Aireon Credit; $175 Million Term Loan Runs to Oct 2028
- Agreement type: First Amendment to Credit and Guaranty Agreement for $175 million term loans
- Counterparty: GLAS USA; GLAS Americas; lenders
- Signed / Effective: Jul 02 2026 / Jul 02 2026
- Duration / Termination: Through Oct 10 2028
- Reason: Align facility post-acquisition and confirm terms
Agreement 4: Iridium Issues Unsecured Parent Guarantee for Aireon Credit Facility
- Agreement type: Unsecured parent guaranty of Aireon LLC obligations
- Counterparty: Aireon
- Signed / Effective: Jul 02 2026 / Jul 02 2026
- Duration / Termination: Until obligations repaid
- Reason: Support subsidiary credit and lender requirements
Original SEC Filing:
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