Covia Restructuring to Create Sustainable Capital Structure and Reduce Long-Term Obligations

  • Covia operating in the normal course of business through restructuring and
  • Restructuring is expected to make Covia an even stronger partner to customers and other stakeholders

Covia is taking action toward building a more competitive business for the future. Against the unprecedented backdrop of COVID-19 and the severe declines in the oil and gas markets, on June 29th, 2020, Covia voluntarily filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code. Through this process, Covia intends to strengthen its financial position, reduce costs, and position the Company to better execute its business strategy.

Covia’s active mines and distribution network are operating in the ordinary course of business and serving customers. The Company intends to continue safely meeting demand for its diverse mineral-based and material solutions throughout the court-supervised chapter 11 process and beyond.

The decisive actions Covia is now taking are expected to position the Company to be an even stronger partner to its customers and business partners in both the near-term and the long-term.

Case Information: Court filings and other information related to the court-supervised proceedings are available on a separate website administered by Covia’s notice and claims agent, Prime Clerk, at https://cases.primeclerk.com/Covia.


Press Releases:

Investors: