T-Mobile Offers $15.5 Million, No-Fee Bankruptcy Loan For MobiTV

An affiliate of T-Mobile US is providing a $15.5 million bankruptcy financing package to MobiTV Inc. to help it cover costs in Chapter 11.

• MobiTV, which provides end-to-end Internet protocol streaming television services, might sell itself through bankruptcy after posting a $34m operating loss in 2020, court papers show
  • The company holds contracts with T-Mobile and more than 120 pay television providers to deliver streaming content to over 300,000 subscribers
• The DIP loan is junior to MobiTV’s existing debt, and the lender is charging no commitment fees, prepayment fees, exit fees, administration fees, or unused line fees of any kind, ...