Aug 13 (Reuters) - Speedcast International Ltd SDA.AX :
* RECEIVES US$395 MILLION EQUITY COMMITMENT FROM CENTERBRIDGE PARTNERS
* RECEIVED A US$395M EQUITY COMMITMENT TO COMPLETE CHAPTER 11 RECAPITALISATION
* CENTERBRIDGE ALSO COMMITTED TO PROVIDING, IF NEEDED, DEBTOR-IN-POSSESSION FINANCING OF UP TO US$220 MILLION
* PLAN WILL PROVIDE FOR CASH PAYMENTS TO HOLDERS OF SECURED CLAIMS.
* PLAN DOES NOT CONTEMPLATE ANY RECOVERY FOR EXISTING SHAREHOLDERS, WHO NO LONGER HAVE A STAKE IN REORGANISED CO