Centerbridge Partners completed a $395m investment in Speedcast.

Centerbridge Partners, a private equity firm, completed a $395m investment in Speedcast International, a provider of remote communications and IT services. Centerbridge’s proposed $395m equity investment provides the opportunity for Speedcast’s existing secured lenders to participate in the equity commitment on a fully pro-rata basis to support Speedcast’s emergence from its reorganization under Chapter 11 of the US Bankruptcy Code. During the completion of the Chapter 11 process and under the new ownership structure, Speedcast remains focused on supporting the connectivity needs of its customers and fully intends to continue its global operations uninterrupted.