Our Financial RestructuringPaving the Way for a Stronger Tomorrow
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.
Financial Restructuring Objectives
On May 13, 2020, Intelsat and certain of its subsidiaries voluntarily filed for Chapter 11, which allows companies to restructure their finances through a court-supervised process while continuing to operate the business as usual. Intelsat General (IGC), which serves the Company’s U.S. commercial, government, and Allied military customers, is not part of the Chapter 11 proceedings.
THE FINANCIAL RESTRUCTURING WILL ENABLE US TO:
Continue to innovate and serve customers with the same level of excellence
Enhance liquidity to support accelerated C-band clearing and continued investment
Address Intelsat’s legacy debt burden, allowing the Company to emerge with a strengthened balance sheet
Maintaining our momentum
Intelsat is moving the business forward – without interruption – and it will remain focused on successfully serving its customers, across all of its world-class capabilities, with the same level of excellence they expect from Intelsat. Work with its valued business partners will continue, full steam ahead.