United States

The company estimates that debts are between $ 1 billion and $ 10 billion and assets between $ 500 and $ 1 billion, as reported in the U.S. Supreme Court.

BENGALURU: The founder of Katerra Inc., sponsored by Softbank Group Corp., said on Sunday that it has brought financial security to the United States.

According to Katerra, $ 35 billion from SB Investment Advisers (UK) Limited, to support the operation of Level 11, does not affect the operation of the international company.

The company has estimated debt of between $ 1 billion and $ 10 billion and assets of between $ 500 and $ 1 billion, according to a lawsuit filed in the U.S. Bankruptcy Court in South Texas.

A news website, released earlier this month, told Katerra employees they planned to close, signaling the collapse of a company backed by Softbank, which has raised more than $ 2 billion to lower the apartments which are rented.

Katerra said Sunday that many of her plans in America will expire. The company has also committed to selling business development facilities and Lord Aeck Sargent to independent clients, he said in a statement.

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