Sea Launch wins funding for continued operations
Posted: Thu, Nov 12, 2009, 7:33 AM ET (1233 GMT)
Sea Launch, the commercial launch company that filed for Chapter 11 bankruptcy protection earlier this year, announced Wednesday that it has secured financing to continue operations into next year. An investor known only as Space Launch Services, LLC, has provided Sea Launch with up to $12.5 million in debtor-in-possession financing to keep the company operating as it continues with its restructuring. The company said it projects exiting from Chapter 11 in the first quarter of 2010. A major investor in Sea Launch, Boeing, is not expected to have a stake in the restructured company when it emerges from Chapter 11.
Sea Launch, the commercial launch company that filed for Chapter 11 bankruptcy protection earlier this year, announced Wednesday that it has secured financing to continue operations into next year. An investor known only as Space Launch Services, LLC, has provided Sea Launch with up to $12.5 million in debtor-in-possession financing to keep the company operating as it continues with its restructuring. The company said it projects exiting from Chapter 11 in the first quarter of 2010. A major investor in Sea Launch, Boeing, is not expected to have a stake in the restructured company when it emerges from Chapter 11.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
|
|
news links
|
|
Saturday, September 12
US Space Command Should Always Be Led by a Guardian
Air and Space Forces Magazine — 12:42 am ET (0442 GMT) More hotels and roads? Here's how SpaceX could change the economy in Acadiana.
Acadiana (LA) Advocate — 12:39 am ET (0439 GMT) SpaceX to Get Weighting Boost in Nasdaq 100 After Rebalance
Bloomberg News — 12:38 am ET (0438 GMT) India needs to launch the space act it keeps scrubbing
The Times of India — 12:37 am ET (0437 GMT) Greek Astrophysicist Calls for European Space Autonomy
Greek City Times — 12:35 am ET (0435 GMT) |
