OneWeb enters Chapter 11 bankruptcy with $1.73 billion in debt & more than 1,000 creditors

by Peter B. de Selding

PARIS — Satellite broadband constellation startup OneWeb Global Limited’s March 27 Chapter 11 bankruptcy filing shows $1.733 billion in senior secured debt in the form of a 12.5% note issued in March 2019, and between 1,000 and 5,000 unsecured creditors.

London-based OneWeb’s disclosure to the U.S. District Court for the Southern District of New York also lists 29 separate companies with overlapping owners, all affiliates of OneWeb Global Limited.

OneWeb issued a statement late March 27 saying its goal in . . .

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