Covia Announces Plan to Create Sustainable Capital Structure and Reduce Long-Term Obligations by More than $1 Billion
(WorldNews Denmark)

Enters Agreement with Lender Group on Terms of Comprehensive Restructuring Files Voluntary Petitions Under Chapter 11 to Implement Agreement Reorganization Designed to Align Capital Structure with Strong Operating Assets and Logistical Business to Deliver Long-Term Competitive Cost Structure and Profitability Across Industrial and Energy Segments Continues Normal Operations and Serving Customers Across its Industrial and Energy Markets Approximately $250 Million of Cash Currently on Hand to Fund Operations and Manage Reorganization Process INDEPENDENCE, Ohio, June 29, 2020 (PR NEWSWIRE) - Covia (NYSE:CVIA) today announced that it has taken a major step toward creating a sustainable capital...