The US Bankruptcy Court approved the fourth amended joint plan of reorganization of Intelsat S.A. on December 17, 2021. The debtor has filed its amended plan in the Court on December 17, 2021. As per the amended plan, DIP claims of $1.50 billion, administrative claims, professional fee claims, priority tax claims, other priority claims of $1,098, shall be paid in full in cash. Other secured claims of $22.49 million shall receive payment in full in cash or shall receive collateral securing such claim or have the claim reinstated. Debtor intercompany claims of $18,536.06 million, non-debtor intercompany claims of $52.72 million and intercompany interests shall be reinstated or cancelled. Term loan facility claims of $3,095 million shall be recovered 99.67% i.e. $3,088.81 million shall receive its payment in cash. 8.00% first lien notes claims of $1,380.37 million with recovery of 99.49% shall receive payment in full in cash of its pro rata share of the full amount of all 8.00% first lien notes claims. 9.50% first lien notes claims of $608.87 million with recovery of 99.51% shall receive payment in full in cash of its pro rata share of the full amount of all 9.50% first lien notes claims. Unsecured claims against Jackson of $7,057.08 million shall be recovered 11.20% and shall receive its pro rata share of $500 million of the cash proceeds of the new term Loan and/or new secured notes and not less than 95% of the new common stock. Unsecured claims against Jackson subsidiaries of $7151.31 million shall recover 44.77% and shall receive its pro rata share of $500 million of the cash proceeds of the new term Loan and/or new secured notes and not less than 95% of the new common stock. Unsecured claims against ICF of $1,298.82 million shall be recovered 22.54% and shall receive its pro rata share of remaining cash at ICF, 3.043% of new common stock, 69.944% of the series A warrants, 69.944% of the series B warrants, and 100% of the CVRs. Unsecured claims against Envision of $1,708.77 million shall be recovered 4.29% and shall receive its pro rata share of all remaining cash at Envision, 18.264% of the series A warrants and 18.264% of the series B warrants. Unsecured claims against LuxCo of $2,655.69 million shall be recovered 0.04% and shall receive its pro rata share of all remaining cash at LuxCo, 1.957% of new common stock, 11.792% of the series A warrants, and 11.792% of the series B warrant. Unsecured claims against Intelsat Investments S.A. of $410.06 million shall recover 6.88% and shall receive its pro rata share of any remaining cash at investments. Unsecured claims against Intelsat Holdings S.A. shall receive its pro rata share of any remaining cash at Holdings. Unsecured claims against Intelsat Investment Holdings S.a.r.l. shall receive its pro rata share of any remaining cash at Holdings SARL. Unsecured claims against Intelsat S.A. of $409.95 million shall be recovered 8.6% i.e. $35.26 million and shall receive its pro rata share of any remaining cash at Intelsat S.A. GUC claims against Intelsat of $80,643 shall be recovered 8.6% i.e. $6,935.30 and shall its pro rata share of remaining cash at Intelsat S.A. Topco guarantee claims of Intelsat Investment Holdings S.a.r.l. shall receive its Pro Rata share of the Holdings SARL unsecured recovery. Topco guarantee claims of Intelsat S.A. shall receive its pro rata share of the S.A Unsecured Recovery provided that 30% of any distributions made on account of TopCo Guarantee Claims against Intelsat to the Jackson senior notes trustees shall be gifted pro rata to holders of connect senior notes claims in consideration for the covenants, compromises, releases, and other benefits provided by the members of the HoldCo Creditor Ad Hoc Group pursuant to the plan support agreement; provided that the aggregate value of such gift shall not exceed $6 million. Convenience claims of $4.55 million shall receive in full and final satisfaction of such claim, payment in full in cash. Holders of interests in Intelsat shall have their interests in Intelsat diluted and extinguished by the equity distributions made pursuant to the plan and shall receive no distribution on account of their interests. The plan shall be funded through cash, sale of assets, the issuance of the new common stock, the issuance of the new series A warrants and series B warrants, the issuance of the CVRs, Reorganized S.A. Common Stock new term loan. Debtors may obtain funding for the new capital structure. The new capital structure may include a combination of the new revolver, the new term loan the new notes and/or uncommitted incremental facilities and may be secured by a lien on substantially all the assets of the reorganized debtors and their subsidiaries.