8-KCurrent report
Material agreement
✓ VerifiedIridium agreed to acquire the remaining 61% of Aireon it does not own for approximately $366.7 million, paid half in cash at closing and half through a one-year interest-free seller loan of $183.36 million.
7.01 Reg FD disclosure
Filed May 14, 2026 · 07:00 ET
Summary
- Iridium Monitor Holdings signed the purchase agreement on May 13, 2026 with NAV CANADA, the Irish Air Navigation Service, ENAV, Naviair, and NATS as sellers.
- The aggregate purchase price is approximately $366.7 million, half in cash at closing and half deferred via a $183.36 million interest-free term loan maturing one year after closing.
- Iridium will assume Aireon's existing facility maturing October 2028, with principal at closing of $155.0 million at SOFR plus 6.25%.
- Aireon operates the world's only space-based ADS-B air traffic surveillance system.
Key facts
- Purchase price
- approximately $366.7 million
From the filing for Purchase price
“The aggregate purchase price payable to the Sellers is approximately $366.7 million”
- Seller loan
- $183.36 million, no interest
From the filing for Seller loan
“a $183.36 million term loan, bearing no interest, and maturing one year following the Closing”
- Assumed debt
- $155.0 million at SOFR plus 6.25%
From the filing for Assumed debt
“expected to have principal outstanding at closing of $155.0 million and an interest rate of SOFR + 6.25%”
Why it mattersFull ownership of Aireon consolidates the aviation surveillance franchise weeks before the Rocket Lab deal was struck.
- Filed
- May 14, 2026
- Accepted
- 2026-05-14 11:00Z
- Period
- May 13, 2026
- Accession no.
- 0001418819-26-000032
- Size
- 2.8 MB
- Index
- Filing index