Ligado Creditor Pans 'Exorbitant' Fees For $115M DIP Loan

By Yun Park · January 30, 2025, 5:15 PM EST

Satellite communications company Ligado Networks LLC's largest unsecured creditor asked a Delaware bankruptcy judge to reject the company's proposed $115 million Chapter 11 financing package, saying Ligado's secured lenders were seeking...

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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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Documents

Objection