Loral emerges from Chapter 11
Posted: Tue, Nov 22, 2005, 9:35 PM ET (0235 GMT)
Loral Space and Communications announced Tuesday that it has emerged from Chapter 11, nearly two and a half years after it filed for bankruptcy protection. The company, which is both a satellite operator and manufacturer, entered Chapter 11 in mid-2003 after building up huge debts during the preceeding several years. With its reorganization complete, the company now has $180 million in cash and $126 million in debt, and has issued new common stock to be traded on NASDAQ. As part of the reorganization the company sold several satellites to Intelsat.
Loral Space and Communications announced Tuesday that it has emerged from Chapter 11, nearly two and a half years after it filed for bankruptcy protection. The company, which is both a satellite operator and manufacturer, entered Chapter 11 in mid-2003 after building up huge debts during the preceeding several years. With its reorganization complete, the company now has $180 million in cash and $126 million in debt, and has issued new common stock to be traded on NASDAQ. As part of the reorganization the company sold several satellites to Intelsat.| <<previous article | next article>> |
|
news in brief
|
|
Senate seeks to add $10 billion to NASA human spaceflight programs
Posted: Sat, Jun 7 10:46 AM ET (1446 GMT) |
|
news links
|
|
Wednesday, June 18
Firefly Aerospace Announces New Lunar Imaging Service on its Elytra Spacecraft
Firefly Aerospace — 12:32 am ET (0432 GMT) Firefly Aerospace Unveils Sat-based Lunar Imaging Service
Aviation Week — 12:32 am ET (0432 GMT) Starlink Internet set to launch in Kazakhstan in 3Q2025
Trend News — 12:31 am ET (0431 GMT) VEON’s Kyivstar Advances Direct-to-Cell Services With Starlink Integration and Regulatory Approval for Testing
GlobeNewswire — 12:30 am ET (0430 GMT) Elon Musk’s Starlink goes live in another African country
Business Insider — 12:29 am ET (0429 GMT) |
