Financial Restructuring CompletedFueled For Innovation
On February 23, 2022, Intelsat successfully emerged from financial restructuring as a private company with a substantially strengthened capital structure.
The now effective plan of reorganization, confirmed on December 16, 2021, has reduced Intelsat’s debt by more than half – from approximately $16 billion to $7 billion.
With a significantly deleveraged balance sheet, nearly $7 billion in new financing, and the support of new equity owners, we are positioned better than ever to continue to innovate and bring new services to market.
This is exciting news for Intelsat, as we focus on driving our business forward from a position of great strength for the benefit of all our stakeholders.
Maintaining our momentum
Intelsat is moving the business forward and remains focused on successfully serving its customers, across all of its world-class capabilities, with the highest level of excellence. Work with its valued business partners continues, full steam ahead.