# Iridium Communications Inc. (IRDM) — bankruptcy/administration [completed]
Source: SEC API (secapi.ai) · situation sit_cafa496680befa2ff8f4 · retrieved 2026-08-11T15:50:04.144Z

## Overview
Iridium Communications Inc. is a satellite communications company that provides mobile voice and data services globally; it completed the acquisition of Aireon Holdings LLC, which operates a space-based automatic dependent surveillance-broadcast (ADS-B) system for aviation.

On July 2, 2026, Iridium Communications Inc., through its subsidiary Iridium Monitor Holdings LLC, completed the acquisition of the remaining 61% equity interest in Aireon Holdings LLC from NAV CANADA, the Irish Air Navigation Service, ENAV S.P.A., Naviair Surveillance A/S, NATS (Services) Limited, and affiliated entities. The aggregate purchase price was $366.7 million, with 50% ($183.35 million) paid in cash at closing and the remaining 50% ($183.35 million) deferred as a seller-financed term loan. The deferred portion was funded through a $183.36 million zero-interest term loan maturing one year from the closing date, secured by a first priority lien on the equity interests of Aireon and intermediate holding company entities.

## Terms
- Counterparty: NAV CANADA, the Irish Air Navigation Service, ENAV S.P.A., Naviair Surveillance A/S, NATS (Services) Limited, and affiliated entities · Deal value: $366.7M · Consideration: mixed · Stake: 100%

## Key dates
- Expected close 2026-07-02 · Completed 2026-07-07

## Timeline
- 2026-07-07 · 8-K (0001104659-26-081335): Iridium acquires remaining 61% of Aireon for $366.7M; $183.4M deferred via seller note — *Iridium Communications Inc. is a satellite communications company that provides mobile voice and data services globally; it completed the acquisition of Aireon Holdings LLC, which operates a space-based automatic dependent surveillance-broadcast (ADS-B) system for aviation.* On July 2, 2026, Iridium Communications Inc., through its subsidiary Iridium Monitor Holdings LLC, completed the acquisition of the remaining 61% equity interest in Aireon Holdings LLC from NAV CANADA, the Irish Air Navigation Service, ENAV S.P.A., Naviair Surveillance A/S, NATS (Services) Limited, and affiliated entities. The aggregate purchase price was $366.7 million, with 50% ($183.35 million) paid in cash at closing and the remaining 50% ($183.35 million) deferred as a seller-financed term loan. The deferred portion was funded through a $183.36 million zero-interest term loan maturing one year from the closing date, secured by a first priority lien on the equity interests of Aireon and intermediate holding company entities.
  https://www.sec.gov/Archives/edgar/data/1418819/0001104659-26-081335.txt

## Citations
- 0001104659-26-081335 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926081335