Article: Geneva Steel Emerges From Chapter 11 Bankruptcy.

VINEYARD, Utah, Jan. 3 /PRNewswire/ --

Geneva Steel Holdings Corp. (Nasdaq: GNVH), a newly formed Delaware corporation, announced today that the Plan of Reorganization for Geneva Steel Company, which was confirmed by the United States Bankruptcy Court for the District of Utah, has been consummated. With consummation of the Plan, the successor to Geneva Steel Company has emerged from Chapter 11 bankruptcy. The objectives of the Plan include to (i) significantly strengthen Geneva's balance sheet; (ii) fund required capital expenditures and working capital needs; and (iii) fulfill all other obligations associated with emergence from Chapter 11. The Plan was ...

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