The wireless broadband provider That could

Phil Falcone’s Passion Project Probably Good For $1 Billion: Credit Suisse

Philip Falcone’s LightSquared Inc. will probably be able to borrow $1 billion to finance its exit from bankruptcy as a standalone company, Credit Suisse Securities LLC said in a letter made public Friday. The Credit Suisse Group AG (CSGN) unit said it was confident it could arrange the proposed bankruptcy-exit loan as long as LightSquared, a wireless broadband provider, met conditions including obtaining the “cooperation of all parties-at-interest” in the reorganization and “all required regulatory approvals.” Philip Falcone’s LightSquared Inc. will probably be able to borrow $1 billion to finance its exit from bankruptcy as a standalone company, Credit Suisse Securities LLC said. [Bloomberg]

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3 Responses to “Phil Falcone’s Passion Project Probably Good For $1 Billion: Credit Suisse”

  1. Grom Blarney says:

    ….and then the lights came on, there was a pig flying over me and someone yelled…..ARISTOCRATS!!

  2. Guest says:

    if at first you don't succeed….

  3. Guest says:

    “cooperation of all parties-at-interest?" does that mean they want Ergen to take over and lead the company?