AST SpaceMobile Secures $550 Million Loan to Access Mid-Band Spectrum for Satellite Applications

Reuters
07-18
<a href="https://laohu8.com/S/ASTSW">AST SpaceMobile</a> Secures $550 Million Loan to Access Mid-Band Spectrum for Satellite Applications

AST SpaceMobile Inc. has announced a significant financial agreement through its subsidiary, Spectrum USA I, LLC, which entered into a credit agreement with Sound Point Agency LLC. The credit agreement establishes a non-recourse senior secured delayed draw term loan facility worth $550 million. This facility is set to support payment obligations to Ligado Networks, facilitating access to up to 45 MHz of lower mid-band spectrum across the U.S. and Canada for direct-to-device satellite applications. The loan will be secured by a first-priority lien on nearly all of the Borrower's assets, and several conditions, including regulatory approvals and specific bankruptcy-related events concerning Ligado Networks, must be met before accessing the funds.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AST Spacemobile Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-011288), on July 18, 2025, and is solely responsible for the information contained therein.

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