2023-05-10 17:41:16 ET
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NextNav ( NASDAQ: NN ) on Wednesday closed the private offering of $50 million, 10.00% senior secured first lien notes due December 2026.
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The lenders in the notes offering included Whitebox Advisors, Susquehanna International Group, and Clutterbuck Capital Management.
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The lenders also have an option to purchase an additional $20 million of notes on the same terms for 30 days following the close.
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The facility provides the ability to issue up to a maximum $80 million aggregate principal amount of notes.
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B. Riley Securities acted as the exclusive financial advisor to NextNav on the financing.
For further details see:
NextNav closes private offering of $50M notes