Satmex Restructuring Gets US Approval

Satmex Restructuring Gets US Approval

Corporate & Sovereign Strategy

Judge Robert Drain of the bankruptcy court of the Southern District of New York has approved the reorganization plan presented by Mexican satellite operator Satélites Mexicanos (Satmex) in August. 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 fro

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