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Aurelius Capital offers $80 mln financing to Clearwire
April 9, 2013 / 8:14 PM / 5 years ago

Aurelius Capital offers $80 mln financing to Clearwire

April 9 (Reuters) - Hedge fund Aurelius Capital Management LP offered $80 million to Clearwire Corp under a convertible debt financing plan.

In a letter to Clearwire’s board on Tuesday, Aurelius said its notes would be exchangeable for Clearwire stock at $2 per share. ()

Clearwire, which has taken $160 million in financing from Sprint so far this year, got a proposal last week from minority shareholder Crest Financial Ltd for a $240 million debt financing.

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