The company plans to issue senior, unsecured obligations that mature on February 1, 2034, with interest payable semiannually. Specific terms, including the interest rate and conversion threshold, remain subject to final pricing. Initial purchasers hold a 13-day option to acquire an additional $150 million in notes to cover potential over-allotments.

Management intends to allocate a portion of the proceeds toward capped call transactions designed to mitigate shareholder dilution and offset cash outlays upon conversion. The remaining capital is earmarked for growth initiatives and securing further orbital capacity for the firm’s space-based cellular broadband network.