Globalstar, Inc. 10-K

Item 2. Properties As of December 31, 2020, our principal headquarters are located in Covington, Louisiana. We own or lease the facilities described in the following table (in approximate square feet): Location Country Square Feet Facility Use Owned/Leased Covington, Louisiana USA 69,365 Corporate Offices Leased Milpitas, California USA 12,375 Satellite and Ground Control Center Leased Sebring, Florida USA 12,375 Gateway Leased Managua Nicaragua 10,900 Gateway Owned Clifton, Texas USA 10,000 Gateway Owned Los Velasquez, Edo Miranda Venezuela 9,700 Gateway Owned Mississauga, Ontario Canada 9,502 Canada Office Leased Aussaguel France 7,502 Satellite Control Center and Gateway Leased Smith Falls, Ontario Canada 6,500 Gateway Owned High River, Alberta Canada 6,500 Gateway Owned Barrio of Las Palmas, Cabo Rojo Puerto Rico 6,000 Gateway Owned Wasilla, Alaska USA 5,000 Gateway Owned Seletar Satellite Earth Station Singapore 4,500 Gateway Leased Petrolina Brazil 2,500 Gateway Owned Rio de Janeiro Brazil 2,120 Brazil Office Leased Gaborone Botswana 2,000 Gateway Owned Manaus Brazil 1,900 Gateway Owned Presidente Prudente Brazil 1,300 Gateway Owned Dublin Ireland 1,280 Ireland Office Leased Panama City Panama 1,100 Panama Office Leased Bosque Alegre, Argentina Argentina 862 Gateway Leased Gaborone Botswana 270 Botswana Office Leased Our owned properties in Clifton, Texas and Wasilla, Alaska are encumbered by liens in favor of the administrative agents under our First Lien Facility Agreement and Second Lien Facility Agreement for the benefit of the lenders thereunder. See Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations - Liquidity and Capital Resources - Contractual Obligations and Commitments in this Report. During 2020, we accepted an offer for the sale of our property in Nicaragua and anticipate that this sale will close in 2021. Additionally, as previously discussed, during 2020 we signed an agreement for the acquisition of the remaining ownership of our IGO in South Korea which we expect will close in 2021. As of December 31, 2020, we have executed additional agreements for new gateway locations that are expected to commence during 2021. We intend to further expand the number ground stations we operate globally. Item 3. Legal Proceedings For a description of our material legal and regulatory proceedings and settlements, see Note 9: Commitments and Contingencies in our Consolidated Financial Statements in Part II, Item 8 of this Report. Item 4. Mine Safety Disclosures Not Applicable 28 PART II