Ligado OK'd For $7.8B Debt-For-Equity Swap Ch. 11 Plan

By Clara Geoghegan · September 22, 2025, 7:12 PM EDT

A Delaware bankruptcy judge Monday agreed to approve telecommunications group Ligado Networks' debt-for-equity swap Chapter 11 plan, overruling the U.S. Trustee's objection over the plan potentially not taking effect for three...

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Bankruptcy Scorecard

Summary

A significant investment in 5G technology and disputes with the U.S. government over spectrum usage have driven satellite business Ligado Networks into financial distress, prompting the company to seek Chapter 11 protection.

Case Number

1:25-bk-10006

Judge

Thomas M. Horan

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

$9.1 billion

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Related Sections

Case Information

Case Title

Ligado Networks LLC

Case Number

1:25-bk-10006

Court

Delaware

Nature of Suit

Date Filed

January 05, 2025

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