US Trustee Calls Mitel Networks Ch. 11 Plan Unconfirmable

By Clara Geoghegan · April 11, 2025, 4:48 PM EDT

Software group Mitel Networks' prepackaged Chapter 11 plan trimming $1.1 billion of debt has nonconsensual third party releases and can't be confirmed, the Office of the U.S. Trustee told a Texas...

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Bankruptcy Scorecard

Summary

Communications software company Mitel Networks filed for Chapter 11 protection in a Texas bankruptcy court with a prepackaged equity-swap plan it says will cut $1.15 billion from its more than $1.3 billion in secured debt.

Case Number

4:25-bk-90090

Judge

Christopher M. Lopez

Venue

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

Capital Structure

Total Liabilities:

$1.325 billion

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Documents

Related Sections

Case Information

Case Title

MLN US HoldCo LLC

Case Number

4:25-bk-90090

Court

Texas Southern

Nature of Suit

Date Filed

March 09, 2025

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