MCLEAN, Va.–(BUSINESS WIRE)–Intelsat S.A. (OTC: INTEQ), operator of the worlds largest and most advanced integrated satellite and terrestrial network, today announced that it has achieved the support of key creditor groups across the capital structure on the terms of a comprehensive financial restructuring that would reduce the Companys debt by more than half from nearly $15 billion to $7 billion and position the Company for long-term success.
The Company has filed an Amended Plan of Reorganization in its Chapter 11 proceedings pending before the U.S. Bankruptcy Court for the Eastern District of Virginia, Richmond Division, accompanied by an explanatory Disclosure Statement. The Amended Plan has the support of holders of approximate…
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