Orius requests 13-day exclusivity extension to finalize plan term negotiations

By Caroline Salls

Pittsburgh, April 20 - Orius Corp. requested a 13-day extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Wednesday filing with the U.S. Bankruptcy Court for the Northern District of Illinois.

The company wants to extend its exclusive plan-filing period to May 4 from April 21 and the solicitation period to July 3 from June 20.

According to the motion, the brief extension is necessary to allow the company, its official committee of unsecured creditors and its lenders to finalize negotiations on terms of a plan of reorganization.

A hearing is scheduled for April 26.

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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