Brief

Ligado Gets Final OK For $115M In Ch. 11 Financing

By Rick Archer · February 6, 2025, 3:40 PM EST

A Delaware bankruptcy judge has given satellite communications company Ligado Networks LLC permission to take out up to $115 million in new money Chapter 11 financing....

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Bankruptcy Scorecard

Summary

A significant investment in 5G technology and disputes with the U.S. government over spectrum usage have driven satellite business Ligado Networks into financial distress, prompting the company to seek Chapter 11 protection.

Case Number

1:25-bk-10006

Judge

Thomas M. Horan

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

$9.1 billion

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