LightSquared Looks to Exit Chapter 11 With Backing of Fortress, Melo...

LightSquared Looks to Exit Chapter 11 With Backing of Fortress, Melody
Wall Street Journal
The Fortress-led investors would pump at least $1.25 billion in new equity into a reorganized LightSquared, according to papers filed in U.S. Bankruptcy Court late Tuesday in New York. The new plan includes $2.5 billion in so-called exit financing ...