Teligent Calls In The Cavalry As Warning Letter Threatens To Overwhelm

Debt-To-Equity Swap Of $77m Announced; Additional Liquidity Provided

Teligent has achieved a “pivotal step in our journey toward securing a strong financial future,” according to management, after recapitalizing its significant debt burden and gaining access to more cash.

Cavalry Horses Army Battle
Teligent's outstanding funded debt has been reduced from $223 million at 30 June last year to approx. $105m • Source: Shutterstock

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