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Jun 7, 2021 · June 7 (Reuters) - Construction startup Katerra Inc, which is backed by SoftBank Group Corp 9984.T, said on Sunday it has filed for bankruptcy protection in the United States. Katerra said it had ...
Jun 8, 2021 · Katerra said it had secured commitments for $35 million in debtor-in-possession (DIP) financing from SB Investment Advisers (UK) Limited to fund operations during the Chapter 11 process, adding ...
Jun 10, 2021 · Katerra recorded $2.78 billion in financial losses in 2018, 2019 and 2020. SoftBank — which found itself in a similar situation with WeWork in 2019 — declined to provide any more financing to ...
Jun 8, 2021 · The debt Katerra owed Greensill was written off and the Vision Fund “invested $440 million in the parent company of Greensill,” the bankruptcy petition states. 2 In hindsight, this was but a ...
Dec 30, 2020 · SoftBank Group Corp. 9984 2.27% has agreed to invest $200 million more to bail out Katerra, a construction startup that ran into financial problems as it tried to shake up the building industry ...
Jun 7, 2021 · Both Hardiman and Aitchison say that Katerra’s failure shouldn’t be conflated with the health of the industry; the international market for modular buildings is expected to grow from about $72 ...
Katerra is a technology company optimizing every aspect of building development, design, and construction. The global team includes leaders in design, software and building engineering, manufacturing, supply chain, and construction. Katerra has a growing number of domestic and international offices, factories, and building projects.
