Daily News: December 27, 2013

Reuters: LightSquared Makes New Attempt at Exit Financing

Reuters reported that bankrupt wireless communications firm LightSquared is seeking to raise exit financing, and targeting a $2 billion to 2.5 billion exit term loan, sources said.

Reuters said further that JP Morgan and Credit Suisse are sounding-out investors on the financing, although the banks are not committed / contracted to providing or arranging the credit, the sources noted.

To read the entire Reuters article, click here.