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Airspan Confirms New Equity Financing and Debt Elimination Through Bankruptcy Court Plan

Jun 28, 2024•almost 2 years ago

Contract Type

partnership

Boca RatonHardware

Description

Airspan Networks Holdings Inc. has successfully confirmed a Plan of Reorganization in the United States Bankruptcy Court for the District of Delaware, which will provide the company with up to $95 million in equity financing and elimination of existing funded debt. With access to a $20 million undrawn line of credit and a strengthened balance sheet, Airspan is positioned for long-term success.

Company Information

Company

Airspan Networks

Location

777 Yamato Road

Boca Raton, Florida, United States

About

Airspan Networks Holdings LLC is a U.S.-based provider of end-to-end network solutions and a recognized leader in Open RAN innovation. Leveraging cutting-edge technology and deep R&D expertise, Airspan delivers comprehensive software and hardware solutions that power next-generation connectivity worldwide. With a focus on interoperability, flexibility, and scalability, Airspan enables mobile network operators of all sizes to build the networks of tomorrow, today.

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