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Direct Access: Business Wire India

Worldspace, Inc. Reaches Agreement to Defer Debt Payment

1worldspaceTM (NASDAQ: WRSP) announced today that it has reached an agreement in principle with each of the four holders (the “Holders”) of the Company’s amended and restated secured notes (the “Bridge Loan Notes”) and second amended and restated convertible notes (the “Convertible Notes”) to defer until Sept. 25, 2008, the Company’s obligation to pay $19.97 [...]

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