Satmex Responds to Noteholders' Involuntary Chapter 11 Filing
MEXICO CITY, May 27 /PRNewswire/ -- Yesterday, Satelites Mexicanos, S.A. de C.V. (Satmex) received notification that certain of its creditors had filed a chapter 11 involuntary petition in the U.S. Bankruptcy Court for the Southern District of New York seeking a financial reorganization. Satmex anticipated this filing as one of several likely scenarios. The company is currently evaluating its options and will respond appropriately in the near term. Satmex intends to maintain continuous communication with its counterparties during this process with the objective of working collaboratively toward an equitable and just solution to its financial situation. Satmex has explained the steps it has taken to its customer base, in anticipation of this possibility, ensuring the continuity of the company's world-class customer service and of day-to-day operations. For further information, please contact: Guillermo de la Mora for Satmex +52-55-5554-5419 Email: email@example.com
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