LA PLATA, Maryland — Satellite laser communications terminal manufacturer Mynaric AG said it has secured sufficient financing to permit it to exit Germany’s equivalent of Chapter 11 restructuring by the end of June and that its creditors had agreed to a support plan.
Mynaric said Feb. 7 that was notifying a Munich Restructuring Court of its intention to undertake restructuring under Germany’s StaRUG procedure and would present a draft restructuring plan.
The support includes a $25 million loan from funds affiliated with Pacific . . .
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