Golfsmith granted request for 120-day exclusivity extension

New York, Sept. 29 – Golfsmith International Holdings, Inc. was given its requested third extension to its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to a motion filed with the U.S. Bankruptcy Court for the District of Delaware.

The exclusive filing period will now run through Jan. 9 and the solicitation period through March 8.

Both are 120-day extensions, as requested by the company.

In a motion on Sept. 12, the company said that it has worked toward winding down its businesses and affairs by concluding store-closing sales, selling its headquarters, assuming and assigning numerous unexpired leases and rejecting other burdensome executory contracts and unexpired leases.

“As a result, the debtors have sold substantially all of their assets and are working diligently toward an exit strategy that will facilitate the distribution of the value obtained from these efforts to the debtors’ various creditor constituencies,” the motion said.

Golfsmith, an Austin, Texas-based golf specialty retailer, filed bankruptcy on Sept. 15, 2016. Its Chapter 11 case number is 16-12033.

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