Trigeant Holdings plan vote solicitation period extended to June 22

By Kali Hays

New York, April 23 – Trigeant Holdings, Ltd. received an extension through June 22 of its exclusive period for soliciting votes on a Chapter 11 plan under a Thursday order from the U.S. Bankruptcy Court for the Southern District of Florida.

As previously reported, the company’s solicitation period was set to expire on April 22.

While it maintains that no classes of claims or interests are impaired under its plan and therefore no solicitation is required, as well as that the required amount of interest holders have already voted to accept the plan, Trigeant said the exclusivity period should be extended because the plan has not yet been confirmed.

The plan confirmation hearing is set to begin on May 4.

Trigeant, a Boca Raton, Fla.-based petroleum company, filed for bankruptcy on Aug. 25, 2014. The Chapter 11 case number is 14-29027.

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