Stanadyne seeks 45-day extension of exclusive plan periods

By Sarah Lizee

Olympia, Wash., June 20 – Stanadyne LLC is seeking a 45-day extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to a motion filed Friday 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 July 31 and the exclusive solicitation period through Sept. 29.

The company said that conducting the sale process, negotiating and documenting the stalking horse purchase agreement, and obtaining entry of the bid procedures order involved extensive negotiations and effort in the four months since it filed bankruptcy.

The company said the committee has consented to the extension.

A hearing is scheduled for July 10.

Stanadyne is an automotive parts manufacturer based in Jacksonville, N.C. The company filed bankruptcy on Feb. 16 under Chapter 11 case number 23-10207.

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