Globalstar funding from Apple for the new MSS constellation
- Issuer or borrower
- Globalstar
- Date
- 29 Oct 2024
- Amount
- US$1.5bn
- Type
- Customer prepayment
- Structure
- Infrastructure prepayment of up to US$1.1bn, funded quarterly during construction, plus an amount to retire the 13% senior notes due 2029; US$400m for a 20% equity interest in Globalstar SPE
- Country
- United States
Sources
- Globalstar Form 8-K: Apple agreements sec.gov · 29 Oct 2024
Checked against the documents above. Record ORB-2024-0008.
M&A and investment involving Globalstar
| Date | Deal | Type | Value |
|---|---|---|---|
| 14 Apr 2026 | Amazon acquisition of Globalstar | M&A Announced | Not disclosed |
| 29 Oct 2024 | Apple investment in Globalstar | Strategic investment Announced | US$400m |
