Chase Manhattan Corp. has told Iridium LLC that its $800 million syndicated loan is in default, according to a federal filing made Tuesday by the satellite phone company.

In a July 29 letter to Motorola Inc., Iridium's largest shareholder, Chase asserted that a "triggering" event occurred under the credit agreement, which resulted in an "event of default." The filing does not say what the "triggering" event was.

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