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</html>";s:4:"text";s:14058:"Terms include a $500 Million equity investment and a reduction in secured debt of $634 million Sydney – October 10, 2020 – Speedcast International Limited (ASX:SDA) today announced that it has filed a Plan of Reorganization and Disclosure … The plan also provides for a cash payment to holders of secured claims …  Centerbridge Partners, one of its largest lenders, has committed US$395M in equity investment. Centerbridge’s proposed US$395 million equity investment provides the opportunity for Speedcast’s existing secured lenders to participate in the equity commitment on a fully pro-rata basis to support Speedcast’s emergence from its reorganization under Chapter 11 of the US Bankruptcy Code. 1 A complete list of the Debtors in these chapter 11 cases may be obtained on the … Judge Marvin Isgur of the U.S. Bankruptcy Court in Houston said Thursday he will confirm Speedcast’s chapter 11 plan of reorganization, which includes a … Search Claims. The database designed with research in mind. There are 40 newer docket entries. The bankruptcy was taking place in the US Bankruptcy Court for the Southern District of Texas, and Judge Marvin Isgur approved the creditor settlement last week. The chapter 11 cases were jointly administered for procedural purposes under Case No. Speedcast was spun out of AsiaSat back in 2012 and thanks to an aggressive M&A policy has grown to be the largest satellite communications service provider in the world. Chapter 11 petitions were filed on 23 April on behalf of Speedcast International and certain US and international subsidiaries. Speedcast Files Plan of Reorganization and Disclosure Statement Outlining Clear Path to Emergence from Chapter 11. Speedcast is represented in the chapter 11 filing by Weil, Gotshal & Manges LLP as American legal counsel and FTI Consulting, Inc., and Moelis & Company LLC as American financial advisors. Docket Entries by Month. Speedcast International Limited. Satellite communication provider SpeedCast International Ltd. filed for Chapter 11 bankruptcy after a collapse in oil prices and the halting of … Speedcast is set to emerge from Chapter 11 with a new USD $500 million equity investment from Centerbridge. About Speedcast … Search one integrated database of the most important chapter 11 cases comprising over 250 cases and almost one million unique documents. That's what we do. Apr 23, 2020: 1 Petition Chapter 11 Voluntary Petition Non-Individual Fee Amount $1717 Filed by SpeedCast Communications, Inc.. (Perez, Alfredo) (Entered: 04/23/2020) Apr 23, 2020: 2 Emergency Motion of Debtors for Order … The funding will be used in part to repay all of its USD $285 million debtor-in-possession financing, as well as a permanent reduction of all of the USD $634 million senior secured debt of the Company. According to a press release, this confirmation definitively clears the path for the company to successfully complete the Chapter 11 … On December 15, 2020, the Bankruptcy Court entered an order confirming the Second Amended Joint Chapter 11 Plan of CEC Entertainment, Inc. and Its Debtor Affiliates, dated November 3, 2020 [Docket No. The company voluntary filed for bankruptcy protection and … The Company suffered from a number of challenges leading to these chapter 11 cases, including, among others, increased industry competition and consolidation, heavy operational expenditure requirements, the seasonal nature of the business, general litigation, and irregular management turnover. Docket Entries by Month. in Communications & Cyber Security. In re: § Chapter 11 § SPEEDCAST INTERNATIONAL § Case No.  Statement is attached hereto as Exhibit a Should Ask Their Maritime connectivity Provider Disclosure. 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