Founded in 1998, Airspan Networks Holdings, Inc (“Airspan”) designs and provides wireless network equipment and software for 4G and 5G networks. Additionally, Airspan is a pioneer in end-to-end Open RAN solutions that provide interoperability with other vendors. Airspan utilizes its global presence and development capabilities to offer end to end solutions based on 4G and 5G technology for a wide variety of customers and use cases including: Public Networks (Tier-1 MNOs), Industry 4.0, Neutral Host Networks, Fixed Wireless Access, Air-to-Ground, and Utilities. The company works actively with leading mobile communications service providers, large enterprises, military communications integrators, and internet service providers to deliver broadband access to numerous markets.
Intrepid was engaged to serve as Airspan’s investment banker through its Chapter 11 restructuring. Airspan, in conjunction with its secured lender, Fortress Investment Group, elected to restructure through a prepackaged Chapter 11 Plan of Reorganization (“POR”), in which Fortress would be the plan sponsor and equitize its debt upon emergence. Intrepid conducted a DIP market check, a sale market check, and provided valuation support for the plan. On October 11, 2024, Airspan successfully emerged from Chapter 11 bankruptcy protection.