Phone Insurer Asurion Dangles Fees to Get OK to Delay Results

Mobile-phone insurer Asurion LLC, which has more than $12 billion of debt, is offering to pay a small fee to lenders that agree to extend a deadline for filing its audited financial results, stepping up an effort to keep a delay from triggering an event of default, according to people familiar with the situation.

• The step comes after the closely held company last week failed to secure consent from lenders for a 45-day extension, said the people, who asked not to be identified discussing a private matter
  • Under that effort lenders weren’t offered a fee in return for approving ...