Louisiana Pellets, German Pellets request third exclusivity extension

By Caroline Salls

Pittsburgh, Dec. 15 – Louisiana Pellets, Inc. and German Pellets Louisiana, LLC requested a third extension of their exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to a motion filed Wednesday with the U.S. Bankruptcy Court for the Western District of Louisiana.

The debtors want to extend their exclusive plan-filing period to March 13 from Dec. 14 and the solicitation period to May 15 from Feb. 13.

“The debtors submit additional time should be granted to allow the debtors to continue to monitor production and revenue levels and to continue to advance a marketing process,” the motion said.

The debtors said negotiations and discussions with potential strategic parties continue but require more time.

Based in Urania, La., Louisiana Pellets manufactures wood pellets. The company filed for bankruptcy on Feb. 18, 2016 under Chapter 11 case number 16-80162.

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