Due to an unforeseen and unfavorable decision by an American tribunal, Choice Genetics USA LLC - with the cooperation and assistance of its senior secured lenders - has embarked on a restructuring of its financial and business affairs with the filing of a Chapter 11 Reorganization case in the Southern District of Iowa today. Under such reorganization proceedings, Choice Genetics USA will continue in operation and will incur and pay debt with the intent to file a plan of reorganization.
The company will continue to provide excellent service to customers. Choice Genetics USA will endeavor to protect its employees, customers, and vendors in this proceeding. Choice Genetics USA values and appreciates the past loyalty and support of its employees, customers and vendors and hopes that the relationships will continue through this difficult time.
Mark Weaver, DVM
Choice Genetics USA