Glossary

PIK (payment in kind)

Interest that is added to the loan balance rather than paid in cash, common during construction.

Example. Telesat Lightspeed's government loans pay interest in kind during construction.

Randeep Bubbra | Lawyer | Making space financeable

InfraOrbit Weekly

The week in space finance, read from the filings.

Deals, terms and the clauses behind them, for the people financing satellite operators, launch and space infrastructure. By Randeep Bubbra.

Working on a financing like this? Book 20 minutes with Randeep to see how it compares.