Ligado Creditor Pans 'Exorbitant' Fees For $115M DIP Loan

By Yun Park ( January 30, 2025, 5:15 PM EST) — Satellite communications company Ligado Networks LLC’s largest unsecured creditor asked a Delaware bankruptcy judge to reject the company’s proposed $115 million Chapter 11 financing package, saying Ligado’s secured lenders were seeking to help themselves to $100 million in fees as part of the deal….

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