Article: Globalstar acts to assure continued funds for operations; Suspends payments on funded debt; Retains The Blackstone Group to advise on future financial initiatives.

Article: Globalstar Acts to Assure Continued Funds for Operations; ...
Business Wire;  January 16, 2001 ;     700+ words ... ... marketing of data services. Globalstar did not make the $45 million ... with Qualcomm and Loral. Globalstar has retained The Blackstone Group as its financial adviser ... including restructuring Globalstar's debt, identifying funding ...

Article: Globalstar Reveals Mounting Woes That May Spur Involuntary ...
Satellite News;  April 9, 2001 ;     700+ words ... ... chairman and retain his Loral posts. Globalstar is a holding company whose only assets are its interests in Globalstar L.P., To aid with a restructuring, Globalstar retained The Blackstone Group as its financial adviser to assist ...

Article: Globalstar Names Former ICO Head As New Chairman In Sign ...
Satellite News;  May 21, 2001 ;     700+ words ... ... in the United States. Globalstar has a contract with Ericsson ... first-quarter results, Globalstar said it is continuing to work with The Blackstone Group to restructure its finances ... business plan is failing. Globalstar notched only $1.5 ...

Article: Globalstar Reports Results for First Quarter of 2001.
Business Wire;  May 15, 2001 ;     700+ words ... ... Navarra, president of Globalstar. "The response from ... In early May, the Globalstar partners, along with advisors from The Blackstone Group, reviewed several business ... continue and to strengthen Globalstar's business. Efforts ...

Article: Globalstar L.P.'s Financial Vise Tightens.(Company ...
Satellite News;  August 20, 2001 ;     700+ words ... ... Year-end As Cash Drains Globalstar L.P. took another step ... before the end of 2001 when Globalstar L.P. is expected to exhaust ... Exchange Commission. The Blackstone Group, retained by Globalstar L.P. as a financial advisor ...

Article: Globalstar Looks for New Funding
AP Online;  February 1, 2001 ;     700+ words ... ... Loral and Qualcomm, allowed Globalstar to continue serving its customers ... Pascale, a company spokesman. Globalstar has retained The Blackstone Group, a venture capital firm ... the next few weeks. ``Globalstar's service provider partners ...

Article: Globalstar Reports Fourth Quarter and Year-End Results.
Business Wire;  April 2, 2001 ;     700+ words ... ... create an ideal market for Globalstar, we are just now starting ... originally projected." Globalstar has retained The Blackstone Group to assist the company in ... including restructuring Globalstar's debt, identifying funding ...