Reuters: LightSquared Gets Court Nod for $33MM Bankruptcy Loan
Reuters reported a bankruptcy judge approved a $33 million loan from a group that includes Charles Ergen, Dish Network Corp chairman, to keep wireless venture LightSquared afloat as it tries to hash out a bankruptcy exit plan.
The deal, unveiled on Monday, was approved by Judge Shelley Chapman at a hearing in U.S. Bankruptcy Court in Manhattan, Reuters said further.
To read the entire Reuters story, click here.
Previously on abfjournal: WSJ: LightSquared to Work with Dish on Restructuring, February 4, 2014