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Prospect News home > News index > List of issuers T > Headlines for Tenders 2010 > News item
Published on 10/19/2010 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

LightSquared calls all outstanding 14% senior discount notes due 2013

By Marisa Wong

Madison, Wis., Oct. 19 - LightSquared said it will redeem all of its outstanding 14% senior secured discount notes due 2013 on Oct. 31.

The redemption follows the closing of the company's new $850 million secured credit facility on Oct. 1.

LightSquared is a Reston, Va.-based wholesale-only integrated wireless broadband and satellite network.


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