Judge Keith Phillips has set December 16th for what looks likely to be the final day set aside for Intelsat’s bankruptcy Exit Plan confirmation hearings. There will be other discussions, motions and legal manoeuvres but most observers expect this particular element of the bankruptcy exit process to wrap.

Judge Phillips has already set aside January 6^th for his next Omnibus Hearing where the next stages of Intelsat’s Case Management will be examined and considered.

Intelsat’s lawyers have already submitted (on December 15th) formal notices to the court that the satellite operator is ready to structure its post-bankruptcy re-financing and pay off some of its debts and borrowings (‘The First Lien Notes Claims Settlement’) in cash as part of a $7.5 billion suite of new financing.

There remains much to still be resolved including the vexatious litigation between Intelsat and SES over the division of the FCC’s C-band clearance incentive payments. SES is claiming a 50/50 split of the FCC’s payments.

Other posts by Chris Forrester:

1. Musk grabs the booster
2. Bezos’ Blue Origin rocket “has a chance”
3. Differing opinions on Project Kuiper
4. IRIS2 contract signing at year-end
5. Icasa “over-reached” in confiscating StarSat kit
6. Starlink tests D2C in Romania, US, Japan
7. European telcos unite against Starlink D2C
8. Rivada insists “deadlines will be met”
9. Ergen will gain “greatest opportunity” by losing DISH

Categories: Blogs, Inside Satellite

Tags: bankruptcy, Chapter 11 bankruptcy, Intelsat