Airspan Networks Files for Chapter 11 Bankruptcy and Enters RSA to Eliminate Funded Debt
Monday, 1 April 2024, 07:38
Airspan Networks Chapter 11 Bankruptcy Filing and RSA
Airspan Networks (MIMO) and its US subsidiaries have filed Chapter 11 proceedings in the US Bankruptcy Court for the District of Delaware to implement a restructuring support agreement. The move is aimed at eliminating existing funded debt through legal proceedings.
Key Points:
- Airspan Networks (MIMO) initiates Chapter 11 proceedings.
- Filing in the US Bankruptcy Court for the District of Delaware.
- Objective: To restructure and eliminate existing debt obligations.
- The restructuring support agreement is central to the reorganization process.
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