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Sea Launch requests 90-day exclusivity extension to negotiate plan
By Caroline Salls
Pittsburgh, Sept. 17 - Sea Launch Co., LLC requested an 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 District of Delaware.
The company wants to extend its exclusive filing period to Jan. 18 from Oct. 20 and the solicitation period to March 19, 2010 from Dec. 19.
According to the motion, the extension will allow Sea Launch to continue negotiations with its creditors' committee, partners and suppliers regarding the terms of a consensual plan.
A hearing is scheduled for Oct. 8.
Sea Launch, a Long Beach, Calif., heavy-lift satellite commercial launch service provider, filed for bankruptcy on June 22. Its Chapter 11 case number is 09-12153.
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