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Reported Earlier, Airspan To Receive Up To $95M In New Equity Financing And Eliminate All Existing Funded Debt

Author: Benzinga Newsdesk | April 01, 2024 02:35am
  • Enters Agreement with Creditors to Strengthen Financial Foundation and Right-Size Balance Sheet
  • Airspan Will Become Private Company with Strong Balance Sheet and Greater Financial Flexibility Majority-Owned by Fortress
  • Will Operate in Normal Course While Implementing Prepackaged Recapitalization on an Expedited Basis with Full Support of all Major Creditors
  • Secures Commitment for Over $53 Million of DIP Financing to Support Operations

Posted In: MIMO


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