Alvarion corrects PR: SVB to receive NIS12.2M, other creditors NIS6.25M

Alvarion (ALVR) issues a correction to an earlier PR. A Tel Aviv court has approved a NIS12.2M payment to secured creditor Silicon Valley Bank.

The court will hold a hearing on Dec. 2 to consider the remaining aspects of the creditors' plan, which includes NIS6.25M (previously reported as NIS12.2M) in payments to creditors from the proceeds of asset sales and issuance of new shares representing 15% of outstanding stock.

Previous: Tel Aviv court approves first parts of Alvarion creditors' plan

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs