The US Bankruptcy Court gave an order approving the amendments to DIP financing agreement for Global Eagle Entertainment Inc. on March 10, 2021. As per the order, the debtor has been authorized to obtain a loan in an additional amount of $20 million from DIP lenders with Citibank, N.A. acting as the administrative agent. The DIP loan would either carry an interest rate of Eurocurrency Rate plus 10% p.a., with Eurocurrency Rate of not less than 1.25% p.a., or an alternate base rate plus 9% p.a., with base Rate of not less than 2.25% p.a., along with an additional 2% p.a. interest in the event of default. The DIP facility would now mature on March 31, 2021 or on the effective date of the plan or on the date of consummation of the sale of substantially all assets, whichever is earlier.