PSL-North America gets three-month extension of exclusivity periods

By Mark Reccek

Bethlehem, Pa., Aug. 3 – PSL-North America LLC received an extension on its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to a July 31 filing with the U.S. Bankruptcy Court for the District of Delaware.

The company’s exclusive filing period was extended until Oct. 12 from July 13, and its solicitation period was extended until Dec. 13 from Sept. 14.

According to the July 31 order, no objections or requests for a hearing were filed.

PSL said in its motion it needed more time to analyze the most effective path toward winding down its estates.

Bay St. Louis, Miss.-based PSL-North America is a subsidiary of PSL Ltd., a Daman, India, pipe manufacturer. The company filed for bankruptcy on June 16, 2014 under Chapter 11. Its case number is 14-11477.

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