Kaiser Aluminum extends DIP maturity, exit facility commitment deadlines to Aug. 31 or emergence date

By Caroline Salls

Pittsburgh, April 28 - Kaiser Aluminum Corp. extended its debtor-in-possession facility maturity and exit financing commitment to the earlier of Aug. 31 or the date of its emergence from Chapter 11, according to an 8-K filing with the Securities and Exchange Commission.

The deadlines were extended from May 17 to give the company sufficient time to emerge from bankruptcy following its May 11 plan of reorganization confirmation hearing.

In addition, chief restructuring officer Edward F. Houff's consulting agreement was extended through June 30.

Kaiser, a Houston-based aluminum company, filed for bankruptcy on Feb. 12, 2002 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 02-10429.

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