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Tag: creditors
Judge sends various LightSquared plans to creditors for vote
2013-10-10 02:00:00| Total Telecom industry news
Disclosure statements required approval by Judge Chapman before creditors could begin voting on the restructuring plans they contain.
Mobilicity receives protection from creditors
2013-10-01 10:09:00| Telecompaper Headlines
(Telecompaper) Canadian mobile operator Mobilicity has received protection from creditors under the Companies' Creditors Arrangement Act. The move will give the company time to look at other financing arrangements; the company was not more specific nor did it give the name of any potential buyer. It only said that the court also approved debtor-in-possession financing from some of its existing noteholders, to a maximum of USD 30 million, and that Ernst & Young will assist in the process. Mobilicity said customers would not be affected and that there would be no changes to its network. According to The Globe and Mail, Mobilicity will try to stay afloat long enough to sell itself to Telus. Talks between the company and Telus broke down in June when the government introduced new rules on spectrum transfer between wireless carriers. One scenario under consideration, according to the paper's sources, is to give Telus a put option to exercise a spectrum transfer at a later date.
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receives protection
Greece resumes talks with creditors
2013-09-22 17:00:42| BBC News | Business | UK Edition
Lenders resume talks with the Greek government to determine whether the twice bailed-out economy will get its latest instalment of cash.
Tags: greece
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Furniture Brands releases revised list of creditors
2013-09-17 22:27:22| Furniture - Topix.net
Furniture Brands International has released a revised list of its 30 top unsecured creditors in its Sept.
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furniture
AMR says creditors approve reorganization plan
2013-08-01 18:26:25| Airlines - Topix.net
Creditors overwhelmingly approved the bankruptcy reorganization plan for American Airlines parent AMR Corp., which includes a merger with US Airways that would create the world's biggest airline.
Tags: plan
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reorganization
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