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Gilat Satellite hires Miller Buckfire to advise on restructuring convertibles
New York, Aug. 29 - Gilat Satellite Networks Ltd. said it hired Miller Buckfire Lewis & Co., LLC to advise on restructuring its outstanding debt including its $350 million 4.25% convertible subordinated notes due 2005.
The Petah Tikva, Israel satellite networking technology company said it intends to begin discussions with noteholders' representatives or an ad hoc committee along with some other creditors.
Gilat Satellite said holders of a "significant" portion of the notes have named Itzhak Swary Ltd. as financial advisor and Zellermayer, Pelossof & Co. as counsel.
The company said noteholders should contacted the advisors via Itzhak Swary or Ran Ben-Or at Itzhak Swary on +972 3 5652255 or Miller Buckfire via James Doak at 212 895-1829 or Ronen Bojmel at 212 969-2627.
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