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

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Jun 30, 2020
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- 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

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