Orius granted brief exclusivity extension to continue plan negotiations

By Caroline Salls

Pittsburgh, July 7 - Orius Corp. obtained an 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 deadline was extended to July 21 from July 7 and the solicitation deadline to Sept. 30 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.

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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.