Exide DIP agreement plan confirmation deadline extended to March 31

By Caroline Salls

Pittsburgh, Feb. 13 – Exide Technologies entered into an amendment to its debtor-in-possession credit agreement with agent JPMorgan Chase Bank, NA that extends milestones related to the company’s restructuring efforts, according to an 8-K filed Friday with the Securities and Exchange Commission.

Specifically, the amendment extends the milestones for the confirmation of Exide’s plan of reorganization to March 31 from March 25.

Exide Technologies, a Milton, Ga.-based maker and recycler of lead-acid batteries, filed for bankruptcy on June 10, 2013 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 13-11482.

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