<a href="https://laohu8.com/S/ASTSW">AST SpaceMobile</a> Subsidiary Secures $420 Million Term Loan from <a href="https://laohu8.com/S/UBSZF">UBS AG</a>
AST & Science, LLC, through its subsidiary BackstopCo, LLC, has entered into a new loan agreement with UBS AG, Stamford Branch, securing a cash-collateralized term loan facility totaling $420 million. The loan carries a floating interest rate of Term SOFR plus 2.0% per annum and matures on the earlier of October 31, 2028, or upon termination or acceleration under the agreement's terms. BackstopCo is required to maintain cash collateral equal to at least 102% of the outstanding loan principal. The facility is secured by a first-priority lien on BackstopCo's assets. AST SpaceMobile, Inc. is not a borrower or guarantor on the facility, though AST LLC serves as a limited guarantor only in specific adverse scenarios. The agreement includes customary covenants and default provisions.
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