Global Eagle Entertainment Sold to First‑Lien Investor Group Following Chapter 11
March 23, 2021
Global Eagle Entertainment completed a court‑approved sale of substantially all of its assets to a group led by its first‑lien investors, emerging from Chapter 11 with new ownership and $217.5 million of exit financing. The transaction reduced the company's debt, provided fresh liquidity, and refocused operations on mobility markets (aviation, maritime and energy), while its legacy NGO and African fixed‑site land operations were sold to Marlink AS.
- Buyers
- Apollo Global Management, Inc., Eaton Vance Management, Mudrick Capital Management, Crestline Investors, Inc., Sound Point Capital Management, Arbour Lane Capital Management, L.P., BlackRock Financial Management, Inc.
- Targets
- Global Eagle Entertainment Inc.
- Sellers
- Global Eagle Entertainment Inc.
- Industry
- Telecommunications
- Location
- California, United States
- Transaction Type
- Buyout
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