Israeli Dist. Court will allow bondholders and bank lenders for G...
Israeli Dist. Court will allow bondholders and bank lenders for Gilat Satellite Networks to meet to approve arrangement designed to rid company of debt, it said. To allow meetings, current court proceedings were delayed until Jan. 26. Primary lenders…
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and bondholders already had approved plan, but finalized agreements must be approved by majority. Preliminary arrangement would convert majority of $490 million debt to shares. Bondholders and lenders are expected to meet mid-Jan.