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    TLGT   US87960W2035

TELIGENT

(TLGT)
Delayed OTC Markets  -  09:30 2022-07-27 am EDT
0.000200 USD   -.--%
08/05Hikma's diversified business delivers resilient H1 performance
AQ
07/26Teligent, Inc. Went Out of Business
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07/15Second Amended Liquidation Plan Approved for Teligent, Inc.
CI
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Second Amended Liquidation Plan Approved for Teligent, Inc.

07/15/2022 | 12:00am EDT

The US Bankruptcy Court approved the second amended joint plan of liquidation of Teligent, Inc. on July 15, 2022. The debtor has filed its second amended plan in the Court on May 24, 2022. As per the amended plan, administrative claims, professional fee claims, priority tax claims and DIP claims of $46.44 million will be paid full in cash.

Other secured claims of $0, priority non-tax claims of $0 and repetition First Lien Credit Agreement Claims of $0 will be paid full in cash. Prepetition Second Lien Credit Agreement Claims of $90.24 million will be recovered 36% and will be paid through pro rata portion of the Second Lien Distribution Amount; and their pro rata portion of any Litigation Proceeds. General unsecured claims of $14.08 million will be recovered 11% and paid through pro rata share of GUC distribution.

Intercompany claims of $0 and all equity interests will be cancelled with no distribution. The plan will be funded through cash in hand, proceeds from sale of assets and GUC distribution.


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All news about TELIGENT
08/05Hikma's diversified business delivers resilient H1 performance
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07/26Teligent, Inc. Went Out of Business
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07/15Second Amended Liquidation Plan Approved for Teligent, Inc.
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05/25Second Motion for Exclusivity Period Extension Approved For Teligent, Inc.
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05/24Second Amended Joint Liquidation Plan Filed by Teligent, Inc.
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04/29First Amended Disclosure Statement Approved for Teligent, Inc.
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04/27First Amended Joint Liquidation Plan and Disclosure Statement Filed by Teligent, Inc.
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04/08Joint Liquidation Plan and Disclosure Statement Filed by Teligent, Inc.
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02/28First Motion for Exclusivity Period Extension Approved For Teligent, Inc.
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02/22Motion for Case Conversion Filed by Teligent, Inc.
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Managers and Directors
Alyssa Lozynski Chief Financial Officer
John E. Celentano Chairman
Carole S. Ben-Maimon Independent Director
Thomas J. Sabatino Independent Director
Bradley Eric Scher Director