Real Industry seeks exclusivity extension to work on plan confirmation

By Caroline Salls

Pittsburgh, March 16 – Real Industry, Inc. requested an extension of its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to a motion filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, the company asked the court to extend the exclusive filing period through July 15 and the solicitation period through Sept. 13.

As previously reported, Real Industry filed a Chapter 11 plan on March 1.

“During the upcoming weeks and months, Real Industry will continue to work with major stakeholders to confirm its Chapter 11 plan,” the motion said. “Similarly, the Real Alloy debtors will sell their assets and dissolve their estates pursuant to a resolution strategy that has the support of key creditor constituencies.

“Terminating exclusivity for either Real Industry or the Real Alloy debtors risks disrupting the delicate status quo that the debtors have worked so hard to achieve.”

A hearing is scheduled for April 26.

The holding company is based in Sherman Oaks, Calif. Real Industry filed bankruptcy on Nov. 17 under Chapter 11 case number 17-12464.

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