Sea Launch Company, L.L.C. Files For Chapter 11

Sea Launch Company, L.L.C.filed for Chapter 11 bankruptcy protection at the US Bankruptcy Court in Delaware yesterday. The Long Beach, CA-based debtor listed assets of $100 to $500 million and liabilities of more than $1 billion on its petition. The debtor’s largest unsecured creditors are Boeing Commercial Space Co. and Aker Maritime Finance AS, owed $977.5 million and $312.7 million respectively.

The debtor offers sea-based equatorial launches. Since their inaugural flight in 1999, the debtor has had 29 successful launches (27 which were sea-based and 2 that were land-based).   

To download the key documents filed in the case, including the CFO’s Declaration in Support of First Day Motions, click here.