[Satellite TODAY 12-04-09] Sea Launch received final approval from the U.S. Bankruptcy Court in Delaware on its motion to secure up to $12.5 million in debtor-in-possession financing from Space Launch Services, Sea Launch announced Dec. 3.
    Sea Launch received the court’s interim approval in November for the credit facility, which is provides working capital for continued Sea Launch operations while the company proceeds through its Chapter 11 reorganization.
    Sea Launch also outlined future plans, including the revision of its supply chain management structure with its partner organizations, to be submitted to the courts in the first quarter of 2010. Excalibur Almaz and PlanetSpace, which are financing Sea Launch through Space Launch Services, will have an equity investment in a reorganized Sea Launch, the companies said.

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