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Published on 11/4/2014 in the Prospect News Distressed Debt Daily.

Optim plan or sale procedures filing deadline pushed back to Nov. 14

By Caroline Salls

Pittsburgh, Nov. 4 – Optim Energy, LLC’s debtor-in-possession credit agreement deadlines for filing of a plan of reorganization and disclosure statement or an asset sale procedures motion was extended to Nov. 14, according to a Monday filing with the U.S. Bankruptcy Court for the District of Delaware.

The deadline for submitting a draft plan and disclosure statement or sale proposal to the lenders was also extended.

Optim, a Silver Spring, Md.-based power plant owner, filed for bankruptcy on Feb. 12, 2014. The Chapter 11 case number is 14-10262.


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