[Satellite Today – 7-02-08] WorldSpace Satellite Radio reached an agreement with four of its creditors to defer debt payments for the second time in less than a month, WorldSpace announced July 1.
Under the latest agreement, WorldSpace delayed payment of $19.9 million in principal until June 9. On June 4, the satellite radio operator reached an agreement with the creditors to delay a $17.7 million payment until June 30.
In connection with the latest deferral, each of the note holders will receive a portion of 1.5 million new WorldSpace warrants that can be converted into common stock.
WorldSpace Again Defers Debt Payment
Skywave to Add Iridium SBS Data Service Into Industrial IoT Offering
Iridium and Orbcomm company Skywave have a new strategic partnership for industrial IoT to bring Iridium’s Short Burst Data (SBD) services to heavy equipment OEM customers. This is the first […]
