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Published on 3/15/2011 in the Prospect News Distressed Debt Daily.

RHI Entertainment eyes precautionary two-month exclusivity extension

By Caroline Salls

Pittsburgh, March 15 - RHI Entertainment, Inc. is seeking an extension to its exclusive periods for filing and soliciting votes on a plan of reorganization, according to a Tuesday filing with the U.S. Bankruptcy Court for the Southern District of New York.

The company wants to extend its exclusive filing period to June 10 from April 9 and the solicitation period to Aug. 8 from June 8.

RHI said it is seeking confirmation of its modified pre-packaged plan at a March 29 confirmation hearing. However, the company said it is seeking the extension "out of an abundance of caution."

A hearing is scheduled for March 29.

RHI is a New York-based developer, producer and distributor of new made-for-television movies, mini-series and other television programming. The company filed for bankruptcy on Dec. 10. The Chapter 11 case number is 10-16536.


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