---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-003315"
form_type: "8-K"
ticker: null
cik: "0001884697"
company_name: "Starry Group Holdings, Inc."
filed_at: "2023-02-21T23:59:59+00:00"
generated_at: "2026-06-19T07:19:55.334449+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Starry Group Holdings files Chapter 11 bankruptcy with $43M DIP financing and restructuring support from lenders

## Summary
- Filed voluntary Chapter 11 petitions in Delaware Bankruptcy Court on Feb 20, 2023.
- Entered RSA with lenders holding 100% of ~$287M prepetition debt; plan contemplates debt-for-equity restructuring or sale.
- DIP financing of $43M from lenders to fund operations; additional $11M exit facility committed.
- Customer operations in five core markets (Boston, NYC, LA, Denver, DC) continue uninterrupted.
- Director Amish Jani resigned from board effective Feb 20, 2023; board reduced to four members.

## SEC filing metadata
- accession: 0000950170-23-003315
- form_type: 8-K
- cik: 0001884697
- company_name: Starry Group Holdings, Inc.
- filed_at: 2023-02-21T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 1.03, 2.04, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1884697/000095017023003315/0000950170-23-003315-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1884697/000095017023003315/stry-20230220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-003315
- JSON: https://secwatch.observer/filing/0000950170-23-003315.json
- Plain text: https://secwatch.observer/filing/0000950170-23-003315.txt

## Key facts
- Debt Financings
  Starry Group Holdings, Inc. faced acceleration on credit facility of $287.0 million.
  - Instrument: credit facility
  - Principal: $287.0 million
  - Event: acceleration
  source text: The filing of the Chapter 11 Cases constitutes an event of default that accelerated obligations under the Prepetition Credit Agreement with respect to approximately $287.0 million of principal, interest, fees, and prepayment premium thereunder.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1884697/000095017023003315/0000950170-23-003315-index.htm
- Distress & Bankruptcy
  Starry Group Holdings, Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-02-20).
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court for the District of Delaware
  - Petition: 2023-02-20
  source text: commenced voluntary chapter 11 proceedings under chapter 11 of title 11 of the United States Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the District of Delaware
  evidence_url: https://www.sec.gov/Archives/edgar/data/1884697/000095017023003315/0000950170-23-003315-index.htm
- Executive change
  Amish Jani resigned as Director at Starry Group Holdings, Inc..
  - Action: resigned
  - Role: Director
  source text: On February 20, 2023, Amish Jani informed the Company of his voluntary resignation from the board of directors of the Company (the “Board”) effective February 20, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1884697/000095017023003315/0000950170-23-003315-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.