Zachry Holdings Starts Voluntary Chapter 11 Process

Zachry Holdings has filed for Chapter 11 in the Southern District of Texas, according to a statement.

• Says the Chapter 11 process will provide the company with time and flexibility to resolve issues related to the Golden Pass LNG export terminal project in Sabine Pass, Texas
• Expects cash on hand, along with cash from operations, to provide sufficient liquidity to meet ongoing business obligations during the court-supervised process
• Estimated assets are between $1 billion and $10 billion, according to a separate court filing
  • Estimated liabilities are between $1 billion and $10 billion

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