Wireless venture Ligado Networks is in talks with its major creditors about a debt restructuring that would ease the way for a commercial deal to expand its satellite offerings, according to people familiar with the company’s plans.
Ligado is exploring ways to restructure its stack of debt and equity securities ahead of a roughly $4 billion bond maturity in November, these people said. While Ligado is expected to win broad support for a restructuring, a bankruptcy filing is possible to implement settlement terms if creditors…
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