SpeedCast International Limited

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Case overview

Case Number:

4:20-bk-32243

Court:

Texas Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. March 19, 2026

    Under The Radar: Bankruptcy News You May Have Missed

    A Delaware bankruptcy judge quashed a request to make a consultant hired by Christmas Tree Shops LLC pay liabilities for short-notice layoffs, eye treatment developer Clearside Biomedical asked the same judge to approve a claim settlement and the U.S. Trustee balked at Genesis Healthcare's proposed executive bonuses.

  2. January 21, 2021

    Speedcast's $395M Sale Plan Reaches Ch. 11 Finish Line

    A Texas bankruptcy judge approved communications satellite company Speedcast's much-delayed Chapter 11 plan Thursday after rejecting a request by an ex-CEO to pause the process to let him take a closer look at a creditor settlement that could see him facing legal action.

  3. January 14, 2021

    Speedcast Reaches Deal With Creditor On Ch. 11 Plan

    Bankrupt satellite communications firm Speedcast International Ltd. told a Texas bankruptcy judge late Thursday that it had reached a settlement with creditor Black Diamond Commercial Finance that will allow its Chapter 11 plan to move toward confirmation next week on an uncontested basis.

  4. January 05, 2021

    Black Diamond Says It Needs Time For Speedcast Ch. 11 Bid

    Speedcast International Ltd. creditor Black Diamond Commercial Finance asked a Texas bankruptcy judge Tuesday for more time to submit its bid for the Australian communications satellite company while the debtor and the stalking horse bidder pressed for a firm deadline.

  5. December 02, 2020

    Speedcast Gets OK For $7.6M In Exec Incentives

    A Texas judge gave Australian communications satellite company Speedcast International Ltd. permission Wednesday to pay its top executives up to $7.6 million in performance bonuses, but only after adjusting the goals they will have to meet to qualify.

  6. October 19, 2020

    Speedcast Creditors Blast Ch. 11 Sale Plan As Unfair

    Secured creditors of Australian communications satellite company Speedcast International Ltd. have asked a Texas bankruptcy judge to reject the company's Chapter 11 plan, saying Speedcast is attempting to sell off their collateral without compensation.

  7. August 13, 2020

    Speedcast Agrees To $395M Sale To Lender Amid Ch. 11

    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.

  8. April 23, 2020

    Oil Price Wars Drive Speedcast To Ch. 11 With $690M Debt

    Australian communications satellite company Speedcast International Ltd. filed for Chapter 11 protection in a Texas federal court on Thursday with about $689.1 million in debt, saying the oil price wars at the beginning of the year combined with the coronavirus pandemic created an "outsized impact" on the company.