Speedcast International Limited announced that the U.S. Bankruptcy Court for the Southern District of Texas has confirmed Speedcast International Limited and certain of its affiliates' Plan of Reorganisation (the "Plan"). The confirmation definitively clears the path for the Company to successfully complete the Chapter 11 process after receiving final regulatory approvals and satisfying customary closing conditions, which is expected by the end of the first quarter of 2021. Joe Spytek will take on the role of Speedcast's Chief Executive Officer, leading the Company upon emergence under the new Centerbridge ownership. Spytek has served as Speedcast's President and Chief Commercial Officer for the last year after being tapped to join the organisation to help implement its turnaround.