Orius requests 28-day exclusivity extension to continue plan negotiations

By Caroline Salls

Pittsburgh, July 18 - Orius Corp. requested a 28-day extension to its exclusive periods to file a plan of liquidation and solicit acceptances on the plan, according to a Tuesday filing with the U.S. Bankruptcy Court for the Northern District of Illinois.

The company wants to extend its exclusive plan filing period to Aug. 18 from July 21 and the solicitation period to Oct. 18 from Sept. 20.

According to the motion, the company and its secured lenders are waiting for an overdue counter-proposal from the official committee of unsecured creditors in connection with plan negotiations.

A hearing is scheduled for July 20.

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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