Covia Holdings Emerges from Chapter 11

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/10/2026

1. HUM
2. SPCX
3. ALHC
4. T
5. PEP
6. TMUS
7. SPY
8. CVS
9. UNH
10. ZETA

Go back to Covia Holdings Emerges from Chapter 11

Covia Successfully Completes Financial Restructuring and Emerges from Chapter 11

December 31, 2020 1:19 PM EST

Reduced obligations by over $1 billionImproved operational flexibility to better serve customers and other stakeholdersStrengthened competitive position of high-quality assetsEmerges with approximately $175 million of total liquidity

INDEPENDENCE, Ohio, Dec. 31, 2020 (GLOBE NEWSWIRE) -- Covia today announced that it has successfully completed its financial restructuring and emerged from Chapter 11. Through the restructuring, Covia has reduced its long-term debt by approximately $750 million and its fixed costs, including railcar obligations, by an additional $300 million.

"Today marks a new beginning for Covia.... More