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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  1. Posted by Grom Blarney | March 24, 2014 at 3:15 PM

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

  2. Posted by Guest | March 24, 2014 at 3:37 PM

    if at first you don't succeed….

  3. Posted by Guest | March 24, 2014 at 3:42 PM

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