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Published on 2/13/2006 in the Prospect News Distressed Debt Daily.

Owens Corning exclusive periods extended to July 31

By Caroline Salls

Pittsburgh, Feb. 13 - Owens Corning's exclusive periods to file a plan of reorganization and solicit votes on the plan were extended to July 31 from Jan. 31, according to a Monday filing with the U.S. Bankruptcy Court for the District of Delaware.

Judge Judith K. Fitzgerald said in her order that the extension was based on the size and complexity of Owens Corning's case and to allow it more time to negotiate an amended plan of reorganization.

Owens Corning, a Toledo, Ohio, building materials company, filed for bankruptcy on Oct. 5, 2000. Its Chapter 11 case number is 00-3837.


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