Global Home Products granted four-month exclusivity extension to complete plan negotiations

By Caroline Salls

Pittsburgh, May 24 - Global Home Products LLC obtained an extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Thursday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company's exclusive plan-filing period was extended to Aug. 3 from April 5 and the solicitation period to Oct. 4 from June 6.

Global Home said it is devoting a significant amount of time toward reaching agreements with key constituents on the terms of a consensual plan and it is analyzing administrative and reclamation claims.

As a result, the company said it needs more time to complete negotiations and to formulate a plan.

Global Home Products is a Westerville, Ohio-based designer, marketer and manufacturer of branded consumer and specialty products to retail and hospitality customers and original equipment manufacturers. The company filed for bankruptcy on April 10, 2006. Its Chapter 11 case number is 06-10430.

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