Speedcast emerges from Chapter 11 proceedings

Speedcast emerges from Chapter 11 proceedings

Speedcast emerges from Chapter 11 proceedings

Speedcast has successfully completed its restructuring process and emerged from chapter 11 proceedings under the ownership of Centerbridge Partners, L.P. Following Centerbridge’s USD $500 million equity investment in the company, Speedcast now has a clean balance sheet with no secured debt and a healthy cash balance, optimally positioning it as a stable, long-term partner for its employees, customers and vendors.

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