LightSquared, who declared bankruptcy last month, has negotiated with a group of hedge funds holding more than $1 billion of LightSquared’s debt. The lenders want tight restrictions on the $190 million of cash LightSquared wants to use to keep themselves afloat during bankruptcy (according to Dow Jones). The company will have a strict monthly budget, and will be paying their lenders legal fees and monthly interest on the loans.

[Source: CNET]