AST SpaceMobile proposes $1.0 billion of convertible senior notes due 2036

AST SpaceMobile announced a proposed private offering of $1.0 billion of convertible senior notes maturing April 15, 2036, with initial purchasers able to buy up to $150 million more. The company said proceeds would go to general corporate purposes, including spectrum deployment, reducing higher-interest debt and government space investment.

• Proposed size: $1.0 billion aggregate principal amount, due April 15, 2036
• Option: up to an additional $150.0 million for the initial purchasers
• Use of proceeds: spectrum deployment, reducing higher-interest debt, general corporate purposes