RentPath requests third extension of its exclusive plan periods

By Sarah Lizee

Olympia, Wash., Feb. 23 – RentPath Holdings, Inc. is seeking a third extension of its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to a motion filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, the company asked the court to extend the exclusive plan filing period through June 30 from Feb. 22 and the solicitation period through Aug. 28 from April 22.

As previously reported, although its Chapter 11 plan was confirmed on June 10, RentPath said the plan will not take effect until regulatory approvals of its sale transaction are obtained.

RentPath has entered into an asset purchase agreement with Redfin, under which Redfin will acquire the company for $608 million. The new asset purchase agreement is subject to court approval.

The company said that if it is unable to complete the sale transaction, more time will be required for it to implement its plan.

A hearing is scheduled for March 10.

RentPath is an Atlanta-based vertical search company for apartment and home renters. The company filed bankruptcy on Feb. 12, 2020 under Chapter 11 case number 20-10312.

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