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Reading: WSJ News Exclusive | Ligado Networks Seeks to Restructure Debt Again to Ease Satellite Deal
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News Junction > Blog > Business > WSJ News Exclusive | Ligado Networks Seeks to Restructure Debt Again to Ease Satellite Deal
WSJ News Exclusive | Ligado Networks Seeks to Restructure Debt Again to Ease Satellite Deal
Business

WSJ News Exclusive | Ligado Networks Seeks to Restructure Debt Again to Ease Satellite Deal

Published August 3, 2023
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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…

#WSJ #News #Exclusive #Ligado #Networks #Seeks #Restructure #Debt #Ease #Satellite #Deal

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