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A Canadian court has provisionally recognised Virginia-based mobile satellite company Ligado Networks’ Chapter 11 bankruptcy, through which it is proposing to slash its US$8.6 billion debt pile to US$1.2 billion.
Dentons is serving as counsel to Ligado Networks LLC, and its Canadian affiliate Ligado Networks (Canada) Inc.
Kirkland & Ellis is serving as corporate counsel to the ad hoc creditors group
Parties
Company
Ligado Networks LLC
Company
Ligado Networks (Canada) Inc.
Company
Ad hoc creditors group
Deal Type
OtherIndustry
Tech/Computer/ITTransaction
$ 10,833,784,728Deal Status
ActiveClosing Date