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03.11.2021 - Speedcast Announces Successful Completion of Restructuring and Emergence Under New Ownership by Centerbridge



View RealWire related news. Recapitalization provides Speedcast with clean balance sheet and financial strength and flexibility WASHINGTON, D.C., March 11, 2021 - 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 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... Source: RealWire

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Categories: Press Release
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