Solus Alternative Asset Management: UK's Avanti refinances to shed $550 million of debt

Avanti - the UK-based Ka-band satellite connectivity specialist - has announced its financial debt has been reduced by almost two-thirds, from $810 million to $260 million. The recapitalisation sees HPS Investment Partners LLC, an investment firm, and Solus Alternative Asset Management LP, an investment advisor, become the company's principal shareholders. The company said the change ...This story continues at UK's Avanti refinances to shed $550 million of debtOr just read more coverage at Electronics Weekly