Loral's solicitation period extended to March 31

By Jeff Pines

Washington, Jan. 11 - Loral Space & Communications Ltd obtained its requested extension of its exclusive solicitation period to March 31, according to a Tuesday filing with the U.S. Bankruptcy Court for the Southern District of New York.

Its exclusive period was scheduled to end Dec. 27 and with the hearing on Loral's disclosure statement adjourned until Jan. 11, the New York-based satellite company needed more time, it said in paperwork previously filed with the court.

Loral said it was working with its creditors' committee, the ad hoc committee of trade creditors and investment firm Angelo Gordon & Co. Inc. to resolve issues raised at the disclosure statement hearing.

Loral filed for bankruptcy on July 15, 2003. Its Chapter 11 case number is 03-41710.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.