Covia Holdings seeks 90-day extension of exclusive plan periods

By Sarah Lizee

Olympia, Wash., Oct. 19 – Covia Holdings Corp. is seeking a 90-day extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to a motion filed Friday with the U.S. Bankruptcy Court for the Southern District of Texas.

Covia is asking the court to extend the exclusive plan filing period through Jan. 25 and the exclusive solicitation period through March 26.

The debtors said they continue to work with the creditors’ committee to respond to additional discovery requests and engage in litigation.

In addition, contract negotiations and initiatives to create operational savings are ongoing.

Also, the debtors and their key stakeholders continue to negotiate critical documents required for emergence, including key financing and corporate governance documents.

Covia is an Independence, Ohio-based provider of mineral-based material products for the industrial and energy markets. The company filed bankruptcy on June 30 under Chapter 11 case number 20-33295.

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