LightSquared Gets Judge’s OK for Loans to Exit Bankruptcy
This article is for subscribers only.
LightSquared Inc. won a judge’s approval for $1.75 billion in exit financing as it gets set to conclude a contentious three-year trip through bankruptcy.
The wireless broadband venture, which had been locked in a battle with Dish Network Corp. Chairman Charles Ergen, also got permission to keep secret key data on fees to investment bankers and lenders led by Credit Suisse Group AG, Jefferies Group LLC and Morgan Stanley.