Global Eagle eyes debt restructuring - Reuters [Seeking Alpha]
GLOBAL EAGLE ENTERTAINMENT INC (ENT)
Last global eagle entertainment inc earnings: 3/19 07:00 am
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Source: Seeking Alpha
On the Move|TechGlobal Eagle eyes debt restructuring - ReutersApr. 1, 2020 3:59 PM ETGlobal Eagle Entertainment... (ENT)Jason AycockIn-flight entertainment company Global Eagle Entertainment (NASDAQ:exploring debt restructuringIt's hired investment bankers and lawyers who specialize in debt renegotiation/bankruptcy reorgs, but bankruptcy is not imminent, according to the report.Shares haveslid 26.7%The company carries about $1B in total liabilities, and had been struggling before the COVID-19 pandemic, alongside the grounding of Boeing 737 MAX aircraft.Part of its term loan due in 2023 trades at about 65 cents on the dollar, Reuters says.See all stocks on the move »Now read:Frontier Communications makes February payments - Bloomberg »
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