Ropes & Gray Team Advising Satmex on Comprehensive Recapitalization

In The News
February 9, 2011
Mark I. Bane
Patrick Diaz

Ropes & Gray is serving as U.S. counsel to a group of secured bondholders in the recapitalization of Satélites Mexicanos, S.A. de C.V. (Satmex), a leading provider of fixed satellite services in Mexico, announced Jan. 25. The recapitalization will de-lever Satmex’s balance sheet, provide the money to finance the timely completion of Satmex 8, a satellite scheduled to be launched in 2012 to replace the company's Satmex 5 satellite, and lay the groundwork for the future construction of Satmex 7, which is intended to replace the Solidaridad 2 satellite. The parties anticipate the recapitalization transactions to be consummated through a pre-packaged bankruptcy in the U.S.

The Ropes & Gray team is led by business restructuring partners Mark Bane (New York) and corporate partner Patrick Diaz (Boston).


Mark I. Bane
Mark I. Bane
Retired Partner
Patrick  Diaz
Chief of Legal Knowledge Management
See Bio