Company received further recapitalization proposals for the business from two of its largest lenders, Black Diamond Capital Management and Centerbridge Partners.
- Evaluating revised proposals with a view to maximizing value for all creditors and certainty of outcome for all stakeholders
- Speedcast has withdrawn a related motion that was due to be heard in the U.S. Bankruptcy Court for the Southern District of Texas
- Peter Shaper steps down as CEO; Shaper returning to the private equity firm he is affiliated with
- NOTE:
Speedcast Gets $395 Million from Centerbridge to Reorganize - NOTE:
Bankrupt Speedcast Said to Weigh Sale of Government Business
To ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.