Sea Launch's request for fifth exclusivity extension OK'd by court

By Lisa Kerner

Charlotte, N.C., Sept. 10 - Sea Launch Co., LLC was granted a fifth extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Friday filing with the U.S. Bankruptcy Court for the District of Delaware.

The court extended Sea Launch's exclusive filing period to Dec. 22 from Sept. 16 and the solicitation period to Feb. 20 from Nov. 14.

As previously reported, Sea Launch wanted to preserve exclusivity in the event that a competing plan is submitted. Sea Launch also cited the size and complexity of its cases in making its extension request.

The plan was confirmed by the court in July.

Previously the court extended the filing period four times, most recently to Sept. 16 from June 18 and the solicitation period to Nov. 14 from Aug. 16.

Sea Launch, a Long Beach, Calif., heavy-lift satellite commercial launch service provider, filed for bankruptcy on June 22, 2009. Its Chapter 11 case number is 09-12153.

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