Quigley looks to extend DIP term to Aug. 13, 2007

By Caroline Salls

Pittsburgh, Jan. 19 - Quigley Co. Inc. requested court approval to extend the term of its debtor-in-possession financing, according to a Friday filing with the U.S. Bankruptcy Court for the Southern District of New York.

The company wants to extend the DIP term to Aug. 13, 2007 from March 5.

Although the DIP facility is still undrawn, Quigley said it is seeking the extension so the financing will continue to be available if it is needed in the future as the company proceeds toward modification, confirmation and consummation of its plan of reorganization.

A hearing is scheduled for Feb. 27.

Quigley, a unit of Pfizer Inc., filed for bankruptcy on Sept. 3, 2004. Its Chapter 11 case number is 04-15739.

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