Quigley seeks 180-day DIP extension to work toward plan confirmation

By Reshmi Basu

New York, Aug. 13 - Quigley Co., Inc. requested an amendment to its debtor-in-possession financing that extends the term and use of cash collateral to Feb. 19, 2008 from Aug. 13, according to a Monday filing with the U.S. Bankruptcy Court for the Southern District of New York.

Even though the DIP facility is still undrawn, Quigley said it needs the extension so that the financing will be available if it is needed as the company moves toward confirmation and consummation of its plan of reorganization.

A hearing is scheduled for Oct. 2.

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

© 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.