- Enters Agreement with Creditors to Strengthen Financial Foundation and Right-Size Balance Sheet
- Airspan Will Become Private Company with Strong Balance Sheet and Greater Financial Flexibility Majority-Owned by Fortress
- Will Operate in Normal Course While Implementing Prepackaged Recapitalization on an Expedited Basis with Full Support of all Major Creditors
- Secures Commitment for Over $53 Million of DIP Financing to Support Operations
Reported Earlier, Airspan To Receive Up To $95M In New Equity Financing And Eliminate All Existing Funded Debt
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