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
|
|
NASA selects two astrophysics probe mission concepts for further study
Posted: Sat, Oct 5 10:00 AM ET (1400 GMT) |
|
news links
|
|
Tuesday, October 8
San Antonio-built satellite headed to space aboard Texas-built rocket
San Antonio Express-News — 4:08 am ET (0808 GMT) Space Force to fly two rapid-response demonstration missions in 2026
Defense News — 4:07 am ET (0807 GMT) Rocket Lab bags second Mars contract with ‘opportunities in the billions’
New Zealand Herald — 4:06 am ET (0806 GMT) Damen Delivers Rocket Landing Platform to Blue Origin
The Maritime Executive — 4:04 am ET (0804 GMT) Blue Origin Scrubs New Shepard Launch
Aviation Week — 4:04 am ET (0804 GMT) |
