Filing Alert: Jervois Global Chapter 11
Jervois Global Files Chapter 11 in Southern District of Texas
Jervois Global Limited, an Australia-based cobalt and nickel miner, filed for Chapter 11 protection on Jan. 28 in the U.S. Bankruptcy Court for the Southern District of Texas. Jervois Global Limited filed alongside affiliates Jervois Texas, LLC, Jervois Suomi Holding Oy, Jervois Finland Oy, Jervois Americas LLC, Jervois Japan Inc., Formation Holdings US, Inc., and Jervois Mining USA Limited.
The filing follows a pre-negotiated recapitalization agreement with Millstreet Capital Management LLC, finalized in January 2025, providing $145 million in new equity. The restructuring will streamline operations and take the company private, with completion targeted by April 2025.
The company reports $100 million to $500 million in both assets and liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-90003.
Top Unsecured Claims
Key Parties
- Counsel:
- Name: Duston K. McFaul
- Firm: Sidley Austin LLP
- Email: dmcfaul@sidley.com
- Investment Banker:
- Firm: Moelis & Company
- Restructuring Advisor:
- Firm: FTI Consulting, Inc.
- Signatories:
- Name: Bryce Crocker
- Title: Chief Executive Officer
- Equity Security Holders:
- J.P. Morgan Nominees Australia Pty (23.50%)
- CDS & Co (11.44%)
- BNP Paribas Noms Pty Ltd (10.52%)
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
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