The Investor
04 Nov 2025, 05:59
AST SpaceMobile Secures $420 Million Loan Facility with UBS
AST SpaceMobile (NASDAQ: ASTS) announced that its subsidiary BackstopCo, LLC entered into a $420 million cash-collateralized term loan agreement with UBS AG’s Stamford Branch on October 31, 2025. The loan bears interest at Term SOFR plus 2% and matures in October 2028. It is secured by BackstopCo’s assets, while AST SpaceMobile is not a borrower or guarantor. The agreement includes customary covenants and requires BackstopCo to maintain collateral equal to at least 102% of the outstanding loan amount.
AST SpaceMobile (NASDAQ: ASTS) announced that its subsidiary BackstopCo, LLC entered into a $420 million cash-collateralized term loan agreement with UBS AG’s Stamford Branch on October 31, 2025. The loan bears interest at Term SOFR plus 2% and matures in October 2028. It is secured by BackstopCo’s assets, while AST SpaceMobile is not a borrower or guarantor. The agreement includes customary covenants and requires BackstopCo to maintain collateral equal to at least 102% of the outstanding loan amount.
