Case filing & court posture: Ligado Networks LLC filed chapter 11 on January 5, 2025 in Delaware (Case No. 25-10006). Dkt. 1 Judge Thomas M. Horan presides.

Liquidity & financing path: The debtors secured a $939 million DIP facility at 17.5% PIK interest, including approximately $442 million in new money. Dkt. 4 Dkt. 188 Final DIP order entered February 5, 2025.

Restructuring outcome: The debtors pursued a plan-based reorganization. Dkt. 696 Plan confirmed September 29, 2025. Dkt. 1004

Current status: Case remains in post-confirmation administration as of February 2026.