Intelsat S.A. (fka INTEQ)

[zc182]

If they have a 30 day grace period from the time they stopped paying on their interest that was due on 4/15, I believe that by 5/15 we will have to have an answer on the Chapter 11. Between now and then, it could be a bumpy ride.

I still have it in my mind though, Chapter 11 would turn out really really poorly for shareholders. In truth, would it actually delay transition? What exactly would Intelsat gain from delaying transition? They already have the right to negotiate outside of the required payments.

It seems like Chapter 11 could mean; A. Less of the deafening debt. B. 5 Billion in operating cash to make Intelsat 2.0 a success.

What are some real good reasons that they don't go into Chapter 11?