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Quigley requests court OK to extend DIP term to Sept. 4, 2006
By Caroline Salls
Pittsburgh, Jan. 27 - Quigley Co., Inc. requested court approval to extend its debtor-in-possession financing term to Sept. 4, 2006, from March 8, according to a Friday filing with the U.S. Bankruptcy Court for the Southern District of New York.
According to the motion, the DIP remains undrawn, but Quigley requested the extension so that it will have access to financing, if needed, as it moves toward confirmation and consummation of its plan of reorganization.
This is the sixth amendment to Quigley's DIP.
A hearing is scheduled for Feb. 28.
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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