Recapitalisation provides Speedcast with a clean balance sheet and financial strength and flexibility.
speedcast
By Mike Horn, International explorer, partnering with Speedcast for connectivity during the Dakar Rally 2021.
Under the terms of the plan, Speedcast is set to emerge with a new USD $500m equity investment from Centerbridge.
The configurable platform allows customers to select enhanced, reliable, and cost-efficient connectivity options tailored to their needs.
The agreement covers Speedcast’s L-band maritime contracts in which Inmarsat serves as the primary connectivity onboard, as well as the full Inmarsat Fleet...
Speedcast CEO Peter Shaper has tendered his resignation to the Board and will be returning to the private equity firm he is affiliated with.
In the interim, Board Directors Peter Shaper and Joe Spytek will act as co-CEOs while continuing at the current positions.
