Hastings Entertainment secures precautionary exclusivity extension

By Caroline Salls

Pittsburgh, Dec. 16 – Hastings Entertainment, Inc. obtained an extension of its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to an order filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

Hastings’ exclusive filing period was extended by 60 days through Jan. 24 and the solicitation period through March 27.

As previously reported, the company filed a plan of liquidation and related disclosure statement on Nov. 29.

“The debtors are filing this motion in an abundance of caution so that no other plans are filed or solicited at this time,” Hastings said in the extension motion.

Amarillo, Texas-based Hastings Entertainment is a multimedia entertainment retailer. The company filed bankruptcy on June 13, 2016 under Chapter 11 case number 16-11452.

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