Orius requests two-week exclusivity extension

By Jennifer Lanning Drey

Eugene, Ore., June 30 - Orius Corp. requested a two-week extension to its exclusive periods to file a plan of liquidation and solicit votes on the plan, according to a Friday filing with the U.S. Bankruptcy Court for the Northern District of Illinois.

The company wants to extend is exclusive plan filing period to July 21 from July 7 and the solicitation period to Sept. 20 from Sept. 6.

According to the motion, the extension is necessary to allow the company to negotiate terms of a consensual plan with the agent for its secured lenders and with its official committee of unsecured creditors.

The company said it believes negotiations are progressing.

A hearing is scheduled for July 6.

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, 2005. Its Chapter 11 case number is 05-63876.

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