Rocket Lab locks in financing for planned Iridium acquisition

Rocket Lab raised $1.944B via share sales to finance its pending acquisition of Iridium Communications. Proceeds, combined with Iridium's existing term loan and amended credit facility, cover transaction costs. Rocket Lab terminated a $3.6B bridge facility to de-risk its capital structure ahead of the mid-2027 closing.

Source: businessinsider The copyright of this article belongs to the original author/organization.

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