TerreStar Corp. (TSTR) Subsidiary Files for Chapter 11; Enters $75M Debt Agreement with EchoStar
TerreStar Corporation (Nasdaq: TSTR) announced that their subsidiary, TerreStar Networks Inc., and certain other affiliates have filed voluntary petitions for reorganization under chapter 11 of the U.S. Bankruptcy Code.
TerreStar Networks has also entered into an agreement with EchoStar Corporation (Nasdaq: SATS) to provide the Company with a $75 million debtor-in-possession financing facility.
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TerreStar Networks has also entered into an agreement with EchoStar Corporation (Nasdaq: SATS) to provide the Company with a $75 million debtor-in-possession financing facility.
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