Speedcast Agrees To $395M Sale To Lender Amid Ch. 11
By McCord Pagan ( August 13, 2020, 10:57 PM EDT) -- Australian communications satellite company Speedcast International Ltd. said Thursday it has agreed to sell itself to Centerbridge Partners and its affiliates for $395 million and has received a commitment from the private investment firm for up to $220 million in debtor-in-possession financing as part of its Chapter 11 proceedings in Texas....
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