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Avanti Communications sheds US$28m from coupon cash requirement

Connectivity BusinessbyConnectivity Business
October 18, 2016
in Uncategorized
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Avanti Communications has shaved about US$28m off the US$32.25m coupon it needed to pay in cash after 89.5% of bondholders agreed to its PIK plan, giving it more time to hammer out a potential sale. The coupon due October comes as the UK satellite operator battles liquidity issues amid a shortfall in revenues. Avanti Communications (LON:AVN) has shaved about […]

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