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Mobileum Gets OK To Tap $40M In DIP Funds, $100M Rollup

By Emlyn Cameron · July 24, 2024, 3:24 PM EDT

A Texas bankruptcy judge gave global telecom analytics group Mobileum Inc. interim permission Wednesday to access $40 million of Chapter 11 financing and perform a $100 million debt rollup, saying the...

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Bankruptcy Scorecard

Summary

Global telecom analytics group Mobileum Inc. sought Chapter 11 protection in Texas with a restructuring support agreement and plans to trim $529 million from its books through a debt-for-equity swap.

Case Number

24-90414

Judge

Christopher M. Lopez

Venue

U.S. Bankruptcy Court for the Southern District of Texas

Capital Structure

Total Liabilities:

$695.3 million

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