Item 1.01. Entry into a Material Definitive Agreement.
On
Pursuant to the Amendment, the interest rate, which was previously a per annum rate of LIBOR plus a margin of 3.75%, with a 1.0% LIBOR floor, was reduced to a per annum rate of LIBOR plus a margin of 2.75%, maintaining the 1.0% LIBOR floor. All other material terms of the Credit Agreement remain the same.
The foregoing description of the material terms of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.1 to this report and is incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under
an-Off-Balance Sheet Arrangement of Registrant.
The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit Number Description 10.1† Amendment No. 2 to Credit Agreement datedNovember 4, 2019 amongIridium Holdings LLC ,Iridium Communications Inc. ,Iridium Satellite LLC , Various Lenders, and Deutsche Bank AG New York Branch, as Administrative Agent and Collateral Agent, dated as ofJanuary 20, 2021 . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).*
† Exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K and
will be furnished on a supplemental basis to the Securities and Exchange
Commission upon request.
* Submitted electronically with this Report in accordance with the provisions of
Regulation S-T.
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