Indianapolis Downs' exclusive plan-filing period extended by two days

By Caroline Salls

Pittsburgh, April 17 - Indianapolis Downs, LLC has received a brief extension of 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 District of Delaware.

Specifically, the exclusive filing period was extended by two days to April 20 and the solicitation period by three days to July 9.

Fortress Credit Opportunities Advisors LLC and an informal second-lien noteholders' committee agreed to the limited extension "to allow for continued discussion and documentation regarding the path forward," according to the extension stipulation filed with the court.

Indianapolis Downs, a Shelbyville, Ind., racetrack, off-track betting and gaming company, filed for bankruptcy on April 7, 2011. Its Chapter 11 case number is 11-11046.

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