Tags: LightSquared Inc
LightSquared confronted by near bankruptcy, adds more loans valued USD74 million
LightSquared Inc. confirmed that it would borrow from its lenders USD74 million as additional funding, reported Bloomberg.
Private equity-backed LightSquared agree on restructuring plan with creditors to get out of bankruptcy
LightSquared Inc seemed to have marked a small milestone towards getting out of bankruptcy when on Friday, it told a state court that it has been working with its creditors regarding a plan to restructure the company's assets.
Dish Network aborts $2.2B LightSquared takeover bid
Pay-TV network operator Dish Network Corp. is aborting its bid for bankrupt telecom firm LightSquared Inc. Dish Network initially offered to buy LightSquared and its wireless spectrum for $2.2 billion.
Lenders oppose American broadband company LightSquared's new financing arrangement
Some of LightSquared's lenders, including US Bank and MAST Capital Management,are against its decision to seek a new financing arrangement with Fortress Investment Group as part of its bankruptcy exit plan.