September 26, 2016 7:48 PM ET

Diversified Telecommunication Services

Company Overview of LightSquared Inc.

Company Overview

LightSquared Inc., a 4G-LTE open wireless broadband network, provides mobile satellite voice and data services. The company offers satellite voice and data services, including push-to-talk, a real-time voice based service that provides point-to multipoint and point-to-point communication at the push of a button; telephony and data; and GPS tracking services through a network of satellite service providers. It also provides satellite capacity leasing services to enable private network carriers to build and deploy their own satellite communications solutions to operate over the company’s satellite network; and ViaSat L-band managed service that offers broadcast and multicast data transport and...

10802 Parkridge Boulevard

Reston, VA 20191

United States

Founded in 1985

181 Employees

Phone:

703-390-2700

Fax:

703-390-2770

Key Executives for LightSquared Inc.

Chief Executive Officer, President and Director
Senior Vice President of Finance
Acting General Counsel and Deputy General Counsel
Executive Vice President of Regulatory Affairs & Public Policy
Chief Network Officer
Compensation as of Fiscal Year 2016.

LightSquared Inc. Key Developments

Ivan Seidenberg to Join LightSquared as its New Board Chairman

Ivan Seidenberg, former chairman and CEO of Verizon Communications Inc., will join LightSquared as its new board chairman.

Amended Eighth Replacement DIP Financing Approved for LightSquared Inc.

The US Bankruptcy Court gave an order to LightSquared Inc. to obtain amended eighth replacement DIP financing on a final basis on April 7, 2015. As per the order amended order, there shall certain changes in the percentage and amount of contribution by each DIP provider towards the total DIP provided.

Exit Financing Approved for LightSquared Inc.

The US Bankruptcy Court gave an order to LightSquared Inc. to obtain exit financing on March 27, 2015. As per the order, the debtor has been authorized to obtain a second lien exit term loan facility in the amount of $1.52 billion from Jefferies Finance LLC. As per the terms of the exit financing agreement, the loan carries a commitment fee of $174.23 million. The proceeds of exit facility would be used to pay off SPSO claims in full.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 4, 2015
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