Sea Launch Reorganization Plan

May 24, 2010 at 12:10 pm | Posted in Space Law | Leave a comment

by 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]

Leave a Comment »

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.
Entries and comments feeds.

%d bloggers like this: