Moody’s and S&P weigh in on Avanti’s refinancing as bondholders join board
Avanti Communications’ latest refinancing has been classified as a distressed exchange by ratings agencies with Moody’s taking the view that ...
Tag: Mast Capital Management LLC
Avanti Communications wins approval from bondholders for restructuring
Avanti Communications has announced that 91.85% of its bondholders have thrown their weight behind its refinancing plan as the British FSS ...
Avanti scraps sale option after brokering US$242m refinancing deal
Avanti Communications has ended its strategic review and agreed a refinancing deal with bondholders to issue more notes and defer payments ...
Avanti buys itself time with consent solicitation as sale process continues
British operator Avanti Communications has announced it will issue new debt in lieu of cash to pay a pending US$32.25m coupon to ...
Avanti seeks US$50m+ equity raise to meet liquidity shortfall
British satellite operator Avanti has warned it needs to raise at least US$50m in equity to have enough liquidity as it generates ...
Avanti completes Hylas-4 funding with US$125m add-on bond
British satellite operator Avanti (LON: AVN) has wrapped up financing for the Hylas 4 spacecraft it expects to launch in ...
LightSquared would give Ergen control in new restructuring deal
Lightsquared has reportedly reached a restructuring plan that would give a 60% stake in the US satellite/terrestrial venture to its ...
LightSquared judge raises spectre of liquidation
The owners of US satellite/terrestrial venture LightSquared and its creditors have been ordered to resume mediation talks to agree a restructuring ...
Harbinger seeks LightSquared split
LightSquared’s hedge fund equity owner has proposed breaking up the US satellite/terrestrial venture under a new competing Chapter 11 reorganisation ...
Harbinger backs LightSquared plan
LightSquared’s hedge fund owner is backing the satellite/terrestrial venture’s plan to exit bankruptcy as it claims regulatory approval to use ...
