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Technology Stocks : IRID - Iridium World Communications IPO Announced!
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To: Zoltan! who wrote (2400)8/18/1999 10:02:00 AM
From: pavlov 1  Read Replies (1) of 2693
 
IRID 8K today>>>bonds, approximately one-third of the equity interests in
Iridium and, in the case of the holders of other debt obligations,
approximately 12% of such equity interests; (iii) some of Iridium's current
strategic investors and/or other parties would make substantial new equity
investments in Iridium, estimated at approximately $500 million; (iv) Motorola,
as principal vendor for the operation of the IRIDIUM System, would grant
Iridium significant deferrals of substantial amounts scheduled to be due under
the contracts for the operation of the IRIDIUM System; and (v) the equity
investors that do not make new equity investments in Iridium would accept
substantial dilution of their interests in Iridium.
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