{"id":87008,"date":"2010-05-05T23:10:40","date_gmt":"2010-05-05T15:10:40","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/eol-takes-over-as-sea-launch-financier\/"},"modified":"2010-05-05T23:10:40","modified_gmt":"2010-05-05T15:10:40","slug":"eol-takes-over-as-sea-launch-financier","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/eol-takes-over-as-sea-launch-financier\/","title":{"rendered":"EOL Takes Over As Sea Launch Financier"},"content":{"rendered":"<p>[05-05-10] <strong>The U.S. Bankruptcy Court of Delaware<\/strong> authorized <strong>Energia Overseas Ltd.<\/strong> (EOL) to replace <strong>Space Launch Services<\/strong> (SLS) as <strong>Sea Launch<\/strong>\u2019s existing debtor-in-possession lender, Sea Launch announced May 4.<br \/>\n&nbsp;&nbsp;&nbsp; EOL will provide Sea Launch with an additional $30 million in financing. Part of the proceeds of this facility will be used to repay all outstanding Space Launch Services loans to date, totaling about $19 million. The remaining balance of this facility will be used to fund ongoing operations at Sea Launch through confirmation of its Plan of Reorganization.<br \/>\n&nbsp;&nbsp;&nbsp; Sea Launch, which declared bankruptcy in June, said the new arrangement positions the company for exit financing as it prepares to emerge from Chapter 11 bankruptcy.<\/p>\n<h2>Related Stories- &nbsp;&nbsp;<\/h2>\n<p>\n<b class=\"titlelink\">Tauri Group Study Shows 34 Percent Drop in Commercial  Launch Prices Since 1999<\/b>&nbsp;&nbsp; \t\t\tSatellite Today&nbsp;&nbsp; \t\t\tApril 30, 2010<br \/>\n[04-30-10] The Tauri Group,  an analytical consulting firm for homeland security, defense, and space  enterprises, has released a study showing that commercial GEO launch  prices per kilogram, adjusted for inflation, dropped by 34\u2026<\/p>\n<p><b class=\"titlelink\">Bankruptcy Court Approves Second Sea Launch Financing<\/b>&nbsp;&nbsp;  \t\t\tSatellite Today&nbsp;&nbsp; \t\t\tMarch 22, 2010<br \/>\n[03-22-10] Sea Launch has  received approval from the U.S. Bankruptcy Court in Delaware to secure  an additional $12 million loan from Space Launch Services (SLS), Sea  Launch announced March. 18.  Sea Launch, which announced in\u2026<\/p>\n<p><b class=\"titlelink\">Launch Providers See Overcapacity&nbsp;<\/b> <img loading=\"lazy\" decoding=\"async\" align=\"top\" width=\"12\" height=\"14\" src=\"..\/..\/..\/..\/images\/icon_lock.gif\" alt=\"\">&nbsp;&nbsp; \t\t\tSatellite News&nbsp;&nbsp; \t\t\tMarch 18, 2010<br \/>\n[03-18-10] Launch service  providers said there are plenty of launch services in the  market,  despite FSS operator concerns about the lack of competition in  this  arena expressed in the opening panel of SATELLITE 2010. In the\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[05-05-10] The U.S. Bankruptcy Court of Delaware authorized Energia Overseas Ltd. (EOL) to replace Space Launch Services (SLS) as Sea Launch\u2019s existing debtor-in-possession lender, Sea Launch announced May 4. &nbsp;&nbsp;&nbsp; EOL will provide Sea Launch with an additional $30 million in financing. Part of the proceeds of this facility will be used to repay all [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-87008","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/87008"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=87008"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/87008\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=87008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=87008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=87008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}