Loral To Exit Chapter 11 By Year End

According to a recent press release, Loral Space & Communications Ltd. has reached an agreement concerning its chapter 11 reorganization plan with the Official Committee of Unsecured Creditors. Under the plan, Loral will exit chapter 11 debt free as a publicly-traded company with it's two businesses, Loral Space and Loral Skynet, intact and under current management. Loral Space designs and builds satellites while Loral Skynet operates a fleet of four communications satellites.

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