Brief: Airspan Networks Says Debtors Entered Into Term Loan Credit Agreement, Dated April 8
12/04/2024 22:06
April 12 (Reuters) - Airspan Networks Holdings Inc
MIMOQ.PK :
* AIRSPAN NETWORKS-IN CONNECTION WITH CHAPTER 11 CASES,
DEBTORS
ENTERED INTO SENIOR SECURED SUPERPRIORITY DIP TERM LOAN CREDIT
AGREEMENT, DATED APRIL 8
* AIRSPAN NETWORKS - DIP LENDERS PROVIDE TERM LOANS TO
BORROWERS
IN AN ORIGINAL PRINCIPAL AMOUNT OF $53.8 MILLION, PLUS CERTAIN
FEES
* AIRSPAN NETWORKS - DIP LENDERS MADE NEW FINANCING
COMMITMENTS TO
CO UNDER NEW MONEY DELAYED DRAW TERM LOAN FACILITY OF UP TO
$16.5 MILLION
* AIRSPAN NETWORKS - UNDER NEW MONEY DIP FACILITY, $7.5
MILLION
HAS BEEN FUNDED, AND $9 MILLION IS AVAILABLE AS A DELAYED DRAW
TERM LOAN
Source text for Eikon: ID:n0001829126-24-002444
Further company coverage: MIMOQ.PK
((Reuters.Briefs@thomsonreuters.com;))