Sea Launch Reorganization Plan
May 24, 2010 at 12:10 pm | Posted in Space Law | Leave a commentby P.J. Blount with the blog faculty
From Space Daily:
Sea Launch Files Plan Of Reorganization
by Staff Writers
Long Beach CA (SPX) May 20, 2010
Sea Launch Company LLC, a leading provider of launch services to the commercial satellite industry, has filed a Plan of Reorganization (the “Plan”) with the U.S. Bankruptcy Court in Delaware, in preparation for its emergence from Chapter 11. Sea Launch filed voluntary petitions to reorganize under Chapter 11 of the U.S. Bankruptcy Code on June 22, 2009.Pursuant to the terms of the Plan, Energia Overseas Limited (EOL) will purchase 85% of the stock in the reorganized Sea Launch in exchange for an equity investment of $140 million. . . . [Full Story]
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