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SPEEDCAST INTERNATIONAL to Recapitalize Under Chapter 11

Botany, Australia-based Speedcast International Limited (ASX: SDA) on April 23 announced that, after evaluating a variety of options to strengthen its balance sheet in ways that support its long-term growth and success, it has initiated a voluntary financial restructuring under chapter 11 of the United States Bankruptcy Code. In conjunction with chapter 11 petitions filed…