FLAG Telecom Holdings Limited and certain of its Bermuda-registered subsidiaries - FLAG Limited, FLAG Atlantic Limited and FLAG Asia Limited - filed parallel proceedings in Bermuda to seek the appointment of provisional liquidators to obtain a moratorium to preserve the companies from creditor actions.
What does FA-1 stand for?
FA-1 stands for FLAG Atlantic (sub-sea cable; UK)
This definition appears somewhat frequently and is found in the following Acronym Finder categories:
- Information technology (IT) and computers
- Abbreviation Database Surfer
- « Previous
- Next »
- Functional Area
- Functional Assessment
- Fund Accounting
- Funds Allocated (USACE)
- Fur Affinity (web site)
- Fury Assembly
- Fuse Alarm
- Force Application Functional Capabilities Board
- Facility, Analytical, And Post-Irradiation Laboratory Operations
- Final Assembly and Test
- Functional Area 57, Simulation Operations (US Army)
- Fanconi Anemia Group C
- Fast and Accurate Finite Element - Boundary Integral (numerical equation solving method)
- First Article - Initial Production Test
- Forwarding Adjacency Label Switched Path
- Fusil Automatique-Manufacture d'Armes de St Etienne
- First Article - Pre-Production Test
- Foreign Army-Training Assistance Command (US DoD)
- Functional Analysis/Allocation
- First Article/Initial Production Test
Samples in periodicals archive:
FLAG Telecom Holdings Limited and certain of its Bermuda-registered subsidiaries - FLAG Limited, FLAG Atlantic Limited and FLAG Asia Limited - filed parallel proceedings in Bermuda to seek the appointment of provisional liquidators to obtain a moratorium to preserve the companies from creditor actions.
FLAG Telecom Holdings Limited and certain of its Bermuda-registered subsidiaries - FLAG Limited, FLAG Atlantic Limited and FLAG Asia Limited - filed parallel proceedings in Bermuda to seek the appointment of provisional liquidators to obtain a moratorium to preserve the companies from creditor actions.
The Board's action was taken following the acceleration of the bank debt of FLAG Atlantic Ltd by the syndicate of banks which are its lenders, which constituted a cross-default under the company's indenture for its outstanding senior notes.
The Board of Directors has authorized FLAG's management and advisors to negotiate with certain creditors, including representatives of the FLAG Atlantic Bank Group, holders of its various Senior Notes, and significant trade creditors, regarding a comprehensive financial restructuring.