- LightSquared has filed a new $2.65B restructuring plan that is backed by Fortress Investment Group (FIG) and isn't contingent on the bankrupt wireless company receiving regulatory approval for its network, unlike in a previous $4B reorganization.
- Fortress, Melody Capital and current LightSquared owner Harbinger would help provide financing and share control of LightSquared.
- The funding doesn't include the participation Dish Network (DISH) Chairman and LightSquared debt-holder Charlie Ergen, who would be paid in the form of new debt
LightSquared proposes $2.65B reorganization plan
From other sites
at Zacks.com (Wed, 8:39AM)
at Nasdaq.com (Mar 9, 2015)
at Zacks.com (Mar 2, 2015)
at Nasdaq.com (Jan 22, 2015)
at Benzinga.com (Jan 9, 2015)
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