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Published on 8/4/2009 in the Prospect News Distressed Debt Daily.

Indalex Holdings Finance granted three-month exclusivity extension

By Caroline Salls

Pittsburgh, Aug. 4 - Indalex Holdings Finance, Inc. obtained a three-month extension to its exclusive periods to file a plan of reorganization and to solicit votes on the plan, according to a Tuesday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company's exclusive plan-filing period was extended by 90 days to Oct. 16 and the solicitation period by the same amount of time to Dec. 15.

Indalex said since filing for bankruptcy on March 20 that it has been focused on addressing creditor opposition to some of its previously filed motions and negotiating a sale of substantially all of its assets.

Indalex is a Chicago-based aluminum extruder and producer of soft alloy extrusion products. Its Chapter 11 case number is 09-10982.


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