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ENT - Enterprise Metals News Story

A$0.015 -0.0  -11.8%

Last Trade - 7:10am

Sector
Basic Materials
Size
Micro Cap
Market Cap £4.55m
Enterprise Value £4.44m
Revenue £1.87k
Position in Universe 1616th / 1826

BRIEF-Global Eagle Receives Court Approval For “First Day” Motions To Support Business Operations

Fri 24th July, 2020 1:54pm
July 24 (Reuters) - Global Eagle Entertainment Inc  ENT.O :
    * GLOBAL EAGLE RECEIVES COURT APPROVAL FOR “FIRST DAY”
MOTIONS TO
SUPPORT BUSINESS OPERATIONS
    * GLOBAL EAGLE ENTERTAINMENT INC - OBTAINS INTERIM APPROVAL
TO
ACCESS $30 MILLION OF ITS $80 MILLION DEBTOR-IN-POSSESSION
FINANCING
    * GLOBAL EAGLE - NEW FINANCING, CASH ON HAND, CASH GENERATED
FROM
ONGOING OPERATIONS EXPECTED TO PROVIDE AMPLE LIQUIDITY TO
SUPPORT OPERATIONS DURING SALE PROCESS
    * GLOBAL EAGLE - COURT AUTHORIZED CO TO CONTINUE PAYMENT OF
EMPLOYEE WAGES, SALARIES, BENEFITS, TO PAY VENDORS, SUPPLIERS,
OTHER PARTNERS IN FULL

Source text for Eikon:  ID:nGNX9fX6wN 
Further company coverage:  ENT.O 

 ((Reuters.Briefs@thomsonreuters.com;))
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