Sprint, Dish Object To Financing In DBSD Ch. 11 Plan

Law360, New York (October 26, 2009, 7:01 PM EDT) -- Sprint Nextel Corp. and Dish Network Corp. have lodged their latest objections to satellite communications company DBSD North America Inc.’s Chapter 11 plan, objecting to the debtor’s bids to obtain post-petition financing and extend its exclusivity period.

Sprint and Dish Network opposed the entering of an order authorizing the ICO Global Communications Holdings Ltd. subsidiary to obtain post-petition financing on a second lien, while Dish Network submitted a limited objection to DBSD’s request to extend its exclusivity period 120 days in three separate motions filed Friday...
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