Iridium Communications Inc. Files 8-K
Ticker: IRDM · Form: 8-K · Filed: Jul 24, 2024 · CIK: 1418819
Sentiment: neutral
Topics: disclosure, financials, regulatory
Related Tickers: IRDM
TL;DR
IRDM filed an 8-K on 7/24/24. Standard disclosure, check financials.
AI Summary
Iridium Communications Inc. filed an 8-K on July 24, 2024, reporting on Regulation FD Disclosure and Financial Statements and Exhibits. The company, formerly GHL Acquisition Corp., is incorporated in Delaware and headquartered in McLean, VA.
Why It Matters
This filing provides important updates and disclosures regarding Iridium Communications Inc.'s financial status and regulatory compliance.
Risk Assessment
Risk Level: low — This is a routine filing for an 8-K, indicating standard disclosure requirements rather than a specific event that would inherently increase risk.
Key Numbers
- 001-33963 — SEC File Number (Identifies the specific filing for Iridium Communications Inc.)
- 221344998 — IRS Number (Employer Identification Number for Iridium Communications Inc.)
Key Players & Entities
- Iridium Communications Inc. (company) — Registrant
- GHL Acquisition Corp. (company) — Former company name
- July 24, 2024 (date) — Date of report
- Delaware (jurisdiction) — State of incorporation
- McLean, VA (location) — Principal executive offices
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose is to report on Regulation FD Disclosure and Financial Statements and Exhibits, as indicated in the filing.
When was this 8-K report filed?
The report was filed on July 24, 2024.
What was Iridium Communications Inc. formerly known as?
Iridium Communications Inc. was formerly known as GHL Acquisition Corp.
In which state is Iridium Communications Inc. incorporated?
Iridium Communications Inc. is incorporated in Delaware.
What is the address of Iridium Communications Inc.'s principal executive offices?
The principal executive offices are located at 1750 Tysons Boulevard, Suite 1400, McLean, VA 22102.
Filing Stats: 523 words · 2 min read · ~2 pages · Grade level 10.7 · Accepted 2024-07-24 09:01:21
Key Financial Figures
- $0.001 — ange on which registered Common Stock, $0.001 par value IRDM The Nasdaq Stock Market
- $200 million — he "Company") announced the launch of a $200 million incremental term loan to be marketed on
- $1.62 billion — to be marketed on the same terms as the $1.62 billion of term loans under its existing Amende
Filing Documents
- irdm-20240724.htm (8-K) — 22KB
- 0001418819-24-000040.txt ( ) — 172KB
- irdm-20240724.xsd (EX-101.SCH) — 2KB
- irdm-20240724_def.xml (EX-101.DEF) — 15KB
- irdm-20240724_lab.xml (EX-101.LAB) — 26KB
- irdm-20240724_pre.xml (EX-101.PRE) — 15KB
- irdm-20240724_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On July 24, 2024, Iridium Communications Inc. (the "Company") announced the launch of a $200 million incremental term loan to be marketed on the same terms as the $1.62 billion of term loans under its existing Amended and Restated Credit Agreement, dated as of September 20, 2023, with Iridium Satellite LLC, as borrower; Iridium Holdings LLC, as guarantor; solely with respect to Section 10.12 thereof, the Company; various lenders; and Deutsche Bank AG New York Branch, as Administrative Agent and Collateral Agent; with Deutsche Bank Securities Inc., Barclays Bank PLC, Royal Bank of Canada, and Wells Fargo Securities, LLC, as Joint Lead Arrangers and Bookrunners. The Company intends to use the proceeds of the incremental term loan to accelerate the pace of share repurchases under its existing share repurchase program and for other general corporate purposes.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).* * Submitted electronically with this Report in accordance with the provisions of Regulation S-T SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. IRIDIUM COMMUNICATIONS INC. Date: July 24, 2024 By: /s/ Kathleen A. Morgan Name: Kathleen A. Morgan Title: Chief Legal Officer