Avanti sheds $550 million of debt to free up growth plan

Avanti sheds $550 million of debt to free up growth plan
By Jason Rainbow

British satellite operator Avanti said April 13 it has cut its $810 million debt pile by two-thirds after investors agreed to swap debt for equity.

The post Avanti sheds $550 million of debt to free up growth plan appeared first on SpaceNews.

April 15, 2022 at 01:21AM
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