Connectivity

WorldSpace Again Defers Debt Payment

By

[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.

More on This Topic

Astrum Mobile and SWISSto12 HummingSat rendering. Photo: Swissto12
Finance

Astrum Space Strikes SPAC Deal for D2D Service at $1B Valuation

Connectivity

Rocket Lab’s Bold Move to Acquire Iridium: Analysts Break Down the Strategy

Connectivity

TGS Taps Speedcast for All-LEO Solution

Connectivity

Lynk and Omnispace Completer Merger – Announce Elveo Mobile

Connectivity

Arabsat Signs Digital Communications Infrastructure Deal with Libya Telecom and Technology (LTT)

Arabsat has signed a new deal with Libya Telecom and Technology (LTT) as Libya looks to develop its digital communications infrastructure. Libya has a population of around 7.5 million people. […]
Connectivity

SES, Eutelsat Complete RDV1 Milestone for Europe’s IRIS2 Sovereign Constellation Program

Connectivity

AccelerCom and Eclipse Space Reveals Details of D2D Collaboration

Connectivity

Hispasat Obtains WTA Certification for Madrid Teleport

Connectivity

Skywave to Add Iridium SBS Data Service Into Industrial IoT Offering 

Trending Now

  1. 10 Smallsat Startups to Watch in 2026
    10 Hottest

    10 Smallsat Startups to Watch in 2026

  2. SDA Director Says Constellation’s Tranche 1 Checkouts Progressing Faster After a Slow Start
    Government/Military

    SDA Director Says Constellation’s Tranche 1 Checkouts Progressing Faster After a Slow Start

  3. White House Targets Support for 1,000 Launches Per Year by 2030
    Government/Military

    White House Targets Support for 1,000 Launches Per Year by 2030

  4. TraCSS Traffic Coordination System Remains in Pilot Mode Due to Budget ‘Uncertainty’
    Government/Military

    TraCSS Traffic Coordination System Remains in Pilot Mode Due to Budget ‘Uncertainty’

  5. Rocket Lab’s Bold Move to Acquire Iridium: Analysts Break Down the Strategy
    Connectivity

    Rocket Lab’s Bold Move to Acquire Iridium: Analysts Break Down the Strategy

  6. Astrum Space Strikes SPAC Deal for D2D Service at $1B Valuation
    Connectivity

    Astrum Space Strikes SPAC Deal for D2D Service at $1B Valuation

  7. Impulse Space Scales Rideshare Program to GEO With Increased Demand
    Launch

    Impulse Space Scales Rideshare Program to GEO With Increased Demand

  8. Redwire to Manufacture Edge Aerospace Data Processing Units in US
    Technology

    Redwire to Manufacture Edge Aerospace Data Processing Units in US

  9. NOAA Contracts Muon Space, Weather Stream, and Spire for TMATE Project
    Government/Military

    NOAA Contracts Muon Space, Weather Stream, and Spire for TMATE Project