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Speedcast Announces Successful Completion of Restructuring and Emergence Under New Ownership by Centerbridge Media Recapitalization provides Speedcast with clean balance sheet and financial strength and flexibility WASHINGTON, D.C., March 11, 2021 – Speedcast has successfully completed its restructuring process and today emerged from chapter 11 proceedings under the ownership of Centerbridge Partners, L.P. and its affiliates. Following Centerbridge’s USD $500 million equity investment in the company, Speedcast now has a clean balance sheet with no secured debt and a healthy cash balance, optimally positioning it as a stable, long-term partner for its employees, customers and vendors. “We are pleased to have reached the completion of this process which is the culmination of a lot of hard work from our entire team,” said Joe Spytek, Chief Executive Officer, Speedcast. “I especially want to thank our customers and partners who extended us their trust as we completed our

United statesRosen katzJoe spytekHerbert smith freehillsMichael healyJared hendricksMoelis australia advisory pty ltdGotshal mangesMoelis companyConsulting incCenterbridge partnersChief executive officerSenior managing directorChief restructuring officerAustralia advisory pty ltdஒன்றுபட்டது மாநிலங்களில்