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Arch Wireless, Inc.
The largest wireless paging company in the United States has to restructure its debt in response to the collapse of its market. The restructuring faces formidable challenges. Valuing the company is extremely difficult because Arch's public competitors are also severely troubled and the industry's future is highly uncertain. In addition, the company has an extremely complicated parent-subsidiary holding company structure.
Borrowing and Debt;
Insolvency and Bankruptcy;
Gilson, Stuart C., and Perry Fagan. "Arch Wireless, Inc." Harvard Business School Case 205-024, January 2005.