Orius granted 10-day exclusivity extension to finish plan negotiations

By Caroline Salls

Pittsburgh, April 17 - Orius Corp. obtained a 10-day extension to its exclusive periods to file a plan of liquidation and solicit votes on the plan, according to a Thursday filing with the U.S. Bankruptcy Court for the Northern District of Illinois.

The company's exclusive plan filing period was extended to April 21 from April 11 and the solicitation period to June 20 from June 10.

Orius said the extension is necessary for it to finalize plan term negotiations with its secured lenders and official committee of unsecured creditors.

Orius, a West Palm Beach, Fla., provider of construction, deployment and maintenance services to the telecommunications, broadband, gas and electric utilities and government industries, filed for bankruptcy on Dec. 12. Its Chapter 11 case number is 05-63876.

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