April 23 (Reuters) - Speedcast International Ltd SDA.AX :
* INITIATED A VOLUNTARY FINANCIAL RESTRUCTURING UNDER CHAPTER 11 OF UNITED STATES BANKRUPTCY CODE.
* EXPECTS TO HONOUR CUSTOMER & EMPLOYEE COMMITMENTS WORLDWIDE
* WHILE UNDER COURT'S PROTECTION, INTENDS TO CONTINUE GLOBAL OPERATIONS UNINTERRUPTED
* EXPECTS TO PAY SUPPLIERS IN NORMAL COURSE OF BUSINESS FOR ALL GOODS AND SERVICES FROM TODAY FORWARD
* INTENDS TO PAY EMPLOYEES AS USUAL, REGARDLESS OF ENTITY OR WHERE THEY ARE BASED
* DYNAMICS INCLUDING COVID-19 MADE IMPOSSIBLE FOR CO TO COMPLETE PLANNED EQUITY RAISE OR ANY RECAPITALIZATION TRANSACTION
* EXPECTS SHARES WILL REMAIN SUSPENDED FROM TRADING UNTIL AT LEAST END OF CHAPTER 11 PROCESS