Mon. 1 Apr 2024, 2:35am ET
Benzinga
News
- 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