https://tmfassociates.com/blog/2011/06/08/could-lightsquared-default-on-its-first-lien-debt/ Satellites, spectrum and other stuff Tue, 03 Feb 2026 21:36:32 +0000 hourly 1 http://wordpress.org/?v=3.3.1 https://tmfassociates.com/blog/2011/06/08/could-lightsquared-default-on-its-first-lien-debt/comment-page-1/#comment-679 TMF Associates MSS blog » The first shoe to drop? Fri, 30 Sep 2011 18:06:57 +0000 http://tmfassociates.com/blog/?p=1917#comment-679 [...] priced at roughly 50 cents on the dollar) and may be looking for any opportunity to assert that an event of default has occurred under the first lien indentures, before all of LightSquared’s current cash has been spent. That explains why LightSquared is [...] [...] priced at roughly 50 cents on the dollar) and may be looking for any opportunity to assert that an event of default has occurred under the first lien indentures, before all of LightSquared’s current cash has been spent. That explains why LightSquared is [...]

]]> https://tmfassociates.com/blog/2011/06/08/could-lightsquared-default-on-its-first-lien-debt/comment-page-1/#comment-630 TMF Associates MSS blog » Let’s blame the FCC (or maybe Inmarsat?) Fri, 09 Sep 2011 06:05:26 +0000 http://tmfassociates.com/blog/?p=1917#comment-630 [...] not without a future application showing what would be an impossible proof of non-interference). As I’ve noted before, that might conceivably put LightSquared into default on some of its debt agreements, though of [...] [...] not without a future application showing what would be an impossible proof of non-interference). As I’ve noted before, that might conceivably put LightSquared into default on some of its debt agreements, though of [...]

]]>