PARIS — If you have to go through Chapter 11 bankruptcy restructuring, the Speedcast way is better than most:
— In and out in less than a year, having shed non-core businesses, with pro forma 2020 revenue of slightly more than $550 million.
— All secured debt wiped off the books.
— $215 million in cash, net of $285 million in previous DIP financing from the new owner, Centerbridge Partners LP.
— Now . . .
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