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Speedcast emerges from chapter 11 bankruptcy

Speedcast emerges from chapter 11 bankruptcy Speedcast, the satellite communications and IT services provider, has completed its restructuring process and officially emerged from chapter 11 proceedings. It will now be under the ownership of Centerbridge Partners, a private equity company, following its $500 million equity investment. Speedcast says that it now has a clean balance sheet with no secured debt. The company says it intends to integrate its previous mobility networks and build a unif...
United States New South Wales Joe Spytek Jared Hendricks Centerbridge Partners Chief Executive Officer

Speedcast Announces Successful Completion of Restructuring and Emergence Under New Ownership by Centerbridge

Speedcast Announces Successful Completion of Restructuring and Emergence Under New Ownership by Centerbridge Media Recapitalization provides Speedcast with clean balance sheet and financial strength and flexibility WASHINGTON, D.C., March 11, 2021 โ€“ Speedcast has successfully completed its restructuring process and today emerged from chapter 11 proceedings under the ownership of Centerbridge Partners, L.P. and its affiliates. Following Centerbridgeโ€™s USD $500 million equity investment in ...
United States Rosen Katz Joe Spytek Herbert Smith Freehills Michael Healy Jared Hendricks

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Speedcast exits bankruptcy with new funding, CEO

News Wire Feed Light Reading 1/25/2021 SYDNEY ย– Speedcast International Limited (together with its subsidiaries, "Speedcast" or the "Company") today announced that the U.S. Bankruptcy Court for the Southern District of Texas has confirmed Speedcast International Limited and certain of its affiliates Plan of Reorganization (the "Plan"). The confirmation definitively clears the path for the Company to successfully complete the Chapter 11 process af...
New South Wales United States Rosen Katz Joe Spytek Herbert Smith Freehills Michael Healy

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