Covia Holdings Corporation – Provider of Diversified Mineral Solutions Notifies Court of December 31st Plan Effectiveness Date; Long-Term Debt Cut by $750.0mn
December 31, 2020 – The Court hearing the Debtors’ cases issued an order confirming the Debtors' Modified First Amended Plan of Reorganization [Docket No. 1069]. The Court confirmed the Plan on December 14, 2020 [Docket No. 1029]. As detailed further below, the confirmation order approves a $3.75mn settlement with prepetition majority shareholder SCR-Sibelco NV ("Sibelco")…