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.

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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.

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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.

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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.

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Philip Falcone's Harbinger asks bankruptcy court to reject Dish's bid for LightSquared

Harbinger Capital Partners, controlled by American investor Philip Falcone, has asked the US Bankruptcy Court in Manhattan to reject Dish Network Corp.'s $2.2 billion takeover bid for bankrupt satellite firm LightSquared Inc.

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Fortress backs new LightSquared bankruptcy exit plan

LightSquared is proposing a new bankruptcy exit plan with financing from Fortress Investment Group and other backers, as the U.S. wireless communications company seeks to avoid a sale to highest bidder Dish Network Corp.

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Beleaguered LightSquared to receive up to $2.5B financing sponsored by Fortress

LightSquared, which has been in bankruptcy last year, may get $2 billion to $2.5 billion in financing backed by Fortress Investment Group. JPMorgan Chase & Co. in talks with lenders, who would need to commit by January 8.

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Centerbridge backs out of deal to acquire LightSquared

Private equity firm Centerbridge Partners has abandoned the deal to buy bankrupt LightSquared. Centerbridge, which had offered $3.3 billion for LightSquared, is uncertain over when federal regulators would approve the company's proposed building of a wireless network.

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Centerbridge Partners to take over LightSquared for $3.3 billion

Private equity firm Centerbridge Partners will pay $3.3 billion and assume about $1.7 billion in debt should it acquire bankrupt telecommunications company LightSquared Inc. Centerbridge and LightSquared were said to have reached a tentative takeover deal.

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LightSquared sues Dish, Ergen over control of its broadband spectrum

According to a lawsuit filed by wireless communications firm LightSquared Inc, Dish Network Corp and its chairman, Charles Ergen had schemed to ensure that the latter would be able to obtain the former's broadband spectrum.

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Bankrupt LightSquared gets new bidding process approved by court

After its creditors opposing the original auction process for the assets of LightSquared Inc, the new plan was approved by the bankruptcy court.

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LightSquared's proposed auction under fire

The proposed auction by the bankrupt LightSquared has been sought annulled by a group of lenders.

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