LightSquared Lender Group Owns $1.1 Billion in Unit Debt

A group of LightSquared Inc. lenders that objected to the wireless-network provider’s use of cash collateral owns $1.1 billion of its secured debt and includes Capital Research & Management Co. and Appaloosa Management LP.

SeaChange Announces Sale of On Demand Group to Avail-TVN

Leading global multi-screen video software innovator SeaChange International, Inc. today announced that it has sold its media services company, On Demand Group , to Avail-TVN for $27 million on a cash-free, debt-free basis.

Judge rejects Tauber's low-ball offer to settle $95.9M debt

May 22 (BusinessDesk) - David Tauber's bid to settle $95.9 million of debt in his failed event management business was turned down in the High Court in Auckland last month because the judge said it would reward his "policy of reduced accountability."

AMR Debtholders to Push American, US Airways on Plans

AMR Corp. (AAMRQ) debt holders are organizing outside its unsecured creditors committee to determine whether the bankrupt company or potential suitor US Airways Group Inc. (LCC) can offer the best return, people familiar with the matter said.

Legg Mason to buy back debt, shares

Shares of asset management company Legg Mason Inc. jumped Wednesday after the company said it will buy back $1.25 billion in debt held by a private equity firm and got authority to buy back up to $1 billion ...