Kaiser Aluminum DIP maturity, exit commitment extended to May 17

By Caroline Salls

Pittsburgh, April 17 - Kaiser Aluminum Corp. obtained court approval to extend its debtor-in-possession financing facility's maturity and exit facility commitment's commitment termination date to May 17 from May 11, according to a Thursday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company said the extensions are necessary because its plan of reorganization confirmation hearing will not be held until the current May 11 expiration date.

Kaiser, a Houston-based aluminum company, filed for bankruptcy on Feb. 12, 2002. Its Chapter 11 case number is 02-10429.

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