Friday, 2 June 2017

OneWeb Deal for Intelsat Collapsed Over Big Bondholder Haircut


Intelsat SA’s deal to entice bondholders to support a combination with OneWeb Ltd. fell apart largely over the refusal of one group of bondholders to take a steep markdown on hundreds of millions of dollars on the face value of their bonds.
http://on.wsj.com/2ryCakb

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