Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for RentPath Holdings, Inc. > News item |
RentPath receives third extension of its exclusive plan periods
By Sarah Lizee
Olympia, Wash., March 15 – RentPath Holdings, Inc. secured a third extension of its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to an order filed Monday with the U.S. Bankruptcy Court for the District of Delaware.
Specifically, the court extended 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 company said that if it is unable to complete the sale transaction, more time will be required for it to implement its plan.
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.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.