Quigley DIP loan extended by six months

By Jennifer Lanning Drey

Portland, Ore., July 23 - Quigley Co.'s debtor-in-possession financing was extended through Feb. 19, 2009 by the U.S. Bankruptcy Court for the Southern District of New York, according to a Wednesday filing.

The DIP facility was previously set to expire on Aug. 18.

In a related motion, Quigley said the extension would give the company continued access to financing, if needed, while it works with its official committee of unsecured creditors, the future asbestos personal injury claims representative and parent Pfizer Inc. toward confirmation and consummation of its plan of reorganization.

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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