May 14, 2020 / 4:04 AM / 24 days ago

Intelsat files for Chapter 11 bankruptcy

May 13 (Reuters) - Satellite operator Intelsat SA said late on Wednesday that it filed for Chapter 11 bankruptcy protection, making it the latest casualty of severe business disruptions caused by the COVID-19 pandemic.

The company said it had obtained $1 billion in debtor-in-possession financing. (Reporting by Rama Venkat and C Nivedita in Bengaluru; Editing by Anil D'Silva)

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