Falcone's LightSquared Said to Get Week Credit Extension

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Falcone's LightSquared Said to Get Week Credit Extension

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Linked by Bloomberg ( track newsfeed | ignore newsfeed ) - May 06, 11:44AM from (www.bloomberg.com)

LightSquared Inc., the wireless- network company backed by billionaire Philip Falcone, received a second weeklong extension from creditors, delaying a potential bankruptcy, a person with knowledge of the matter said.
The move gives LightSquared more time to negotiate before having to revisit a waive...

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