EchoStar Bankruptcy Loan to TerreStar Wins Approval

EchoStar Corp.’s $75 million bankruptcy loan to TerreStar Networks Inc., a satellite communications company, was approved by a judge over opposition from TerreStar creditors.

U.S. Bankruptcy Judge Sean Lane in Manhattan today gave final approval to the loan, which will fund TerreStar during its bankruptcy. The judge previously approved a portion of the loan.