This is a public record generated listing.
Assets of Global Communications Company
Listing Information
Attachments
Assets of Global Communications Company
Price: Not Specified
Other Item Info
Item #: nysbke_301480
Created: 07/08/2020
Category: Business Property > All Assets or Going Concerns > Telecommunications
Sale Date: Fri. Jul 10, 2020
Created: 07/08/2020
Category: Business Property > All Assets or Going Concerns > Telecommunications
Sale Date: Fri. Jul 10, 2020
Seller Info
Lauren Doyle
Debtor's Attorney
55 Hudson Yards
New York, NY 10001
212-530-5053
Debtor's Attorney
55 Hudson Yards
New York, NY 10001
212-530-5053
Bankruptcy Info
Case #: 7:20-bk-22437
Case Title: OneWeb Global Limited
Court: New York Southern Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: OneWeb Global Limited
Court: New York Southern Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of all or substantially all of their assets or equity interest of OneWeb Global Limited and its affiliates (collectively, the “Sellers”), which includes: 100% of the newly issued common stock of the Reorganized Company Party which will also result in indirect ownership of the stock/equity/membership interests of the other reorganized sellers and their non-debtor subsidiaries, including the equity interests held by the sellers in the OneWeb Joint Ventures.
Financial Overview
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Additional Details
- Telephonic Sale Hearing Time: 10:00 a.m.
- Cash and Equity Consideration: The Plan Sponsor shall provide consideration consisting of: (i) $150 million in cash (inclusive of the Deposit) (the “Cash Consideration”) to pay allowed DIP Claims as well as other claims to be satisfied in cash; and (ii) equity interests in BidCo having a value (based on the Base Funding Amount) of $100 million (the “Equity Consideration”).
- Last date to respond: July 9, 2020