All Year Holdings secures third extension to exclusive periods

By Sarah Lizee

Olympia, Wash., Jan. 23 – All Year Holdings Ltd. received a third extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to an order filed with the U.S. Bankruptcy Court for the Southern District of New York.

The exclusive plan filing period was extended through March 31 and the exclusive solicitation period was extended through April 28.

As previously reported, All Year said the exclusive plan filing extension is warranted as it aligns with the outside date for closing an investment agreement, which is the cornerstone of the company’s Chapter 11 plan.

The investment agreement relates to Paragraph Partners LLC, an affiliate of Graph Group LLC and Cammbey’s International Group, acquiring 100% of the equity of the reorganized debtor.

All Year has made progress toward confirmation of the plan, including successfully negotiating a revised settlement to resolve all current disputes among the debtor, the notes trustee and the sponsor.

All Year focuses on the development, construction, acquisition, leasing and management of residential and commercial income producing properties in Brooklyn, N.Y. It filed Chapter 11 bankruptcy on Dec. 14, 2021 under case number 21-12051.

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