Satmex Presents Chapter 11 Plan

Satmex Presents Chapter 11 Plan

Corporate & Sovereign Strategy

Mexican satellite operator Satélites Mexicanos (Satmex) presented a Chapter 11 reorganization plan, Friday, to the bankruptcy court of the Southern District of New York. The restructuring plan has been agreed by at least two-thirds of the company's creditors and is the final stage of the company's reorganization following the conclusion of its bankruptcy proceedings in Mexico at the end of July. The underlying bankruptcy agreement lays out that debt will be reduced from around $600 million, incl

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