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We are at a transformational moment in the history of our company. We just announced a financial restructuring to position us for long-term success. No change in our momentum, just enhanced resources to grow.
Intelsat is undertaking a financial restructuring process to position the company for long-term success.This process will pave the way for continued innovation and growth that will drive the business forward, leveraging Intelsat’s powerful platform, talented team of dedicated employees, compelling business model, and plan for future growth.Intelsat’s operations and capital investments will continue as usual during the process.
Under the plan, Intelsat would issue new stock with 95% of the shares going to unsecured creditors of subsidiary Intelsat Jackson. Intelsat has requested a March 17, 2021 Bankruptcy Court hearing on the proposal.
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