Airspan Networks restructures with Fortress Investment Group, receiving $95M in equity financing, eliminating debt, and transitioning to private ownership for 5G growth.
Airspan Networks announces a Restructuring Support Agreement with Fortress Investment Group and key stakeholders, receiving up to $95M in new equity financing and eliminating all existing funded debt. The company becomes a private entity, majority-owned by Fortress, with a stronger balance sheet and greater financial flexibility. The agreement aims to position Airspan for long-term success in the 5G network industry.
March 31, 2024
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