Quigley seeks six-month DIP loan extension

By Caroline Salls

Pittsburgh, Feb. 12 - Quigley Co., Inc. requested court approval of an amendment to its debtor-in-possession financing that extends the term and use of cash collateral to Aug. 18, 2008 from Feb. 19, according to a Tuesday filing with the U.S. Bankruptcy Court for the Southern District of New York.

According to the motion, although 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 of its plan of reorganization.

A hearing is scheduled for March 6.

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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