📡 New Chapter 11 Bankruptcy Filing - Intelsat S.A.📡
Intelsat S.A.
May 13, 2020
On the same day that Appaloosa Asset Management’s David Tepper cast shade over the equity markets, one of his equity portfolio companies, Intelsat S.A. and 34 affiliates filed for chapter 11 bankruptcy in the Eastern District of Virginia. Cute.
Intelsat S.A. has been getting a ton of bankruptcy experience lately. In March, OneWeb