{"id":20693,"date":"2011-02-18T06:52:18","date_gmt":"2011-02-18T11:52:18","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=20693"},"modified":"2011-02-18T06:52:18","modified_gmt":"2011-02-18T11:52:18","slug":"falcone%e2%80%99s-lightsquared-said-to-be-near-585-million-loan-accord","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2011\/falcone%e2%80%99s-lightsquared-said-to-be-near-585-million-loan-accord.html","title":{"rendered":"Falcone\u2019s LightSquared Said to Be Near $585 Million Loan Accord"},"content":{"rendered":"<p>Bloomberg &#8211; Philip Falcone\u2019s LightSquared Inc. venture is close to securing a $585 million loan to build its wireless network, as it negotiates a wholesale deal with a nationwide carrier, said two people familiar with the plans.<\/p>\n<p>An official announcement of the loan could come as early as today, said the people, who wouldn\u2019t be identified because the deal isn\u2019t public. The loan, from\u00a0UBS AG and JPMorgan Chase &amp; Co., will bring LightSquared\u2019s cash on hand to about $1 billion, said one of the people. The company has said it currently has roughly $1.75 billion in debt and equity.<\/p>\n<p><strong><a href=\"http:\/\/www.bloomberg.com\/news\/2011-02-18\/falcone-s-lightsquared-venture-said-to-be-near-585-million-loan-agreement.html\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Philip Falcone\u2019s LightSquared Inc. venture is close to securing a $585 million loan to build its wireless network, as it negotiates a wholesale deal with a nationwide carrier, said two people familiar with the plans. An official announcement [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-20693","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/20693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=20693"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/20693\/revisions"}],"predecessor-version":[{"id":20695,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/20693\/revisions\/20695"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=20693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=20693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=20693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}