Vitro Asset secures 60-day extension of plan filing and voting periods

By Caroline Salls

Pittsburgh, May 9 - Vitro Asset Corp. obtained a 60-day extension of its exclusive periods for filing and soliciting votes on a Chapter 11 plan of reorganization, according to a Thursday filing with the U.S. Bankruptcy Court for the Northern District of Texas.

Specifically, the exclusive plan-filing period was extended to June 5 from April 5 and the solicitation period to Aug. 5 from June 5.

Vitro Asset said in the motion that there was a "distinct possibility" that it would be in a position to confirm a plan after the closing of its global settlement.

The company's settlement with Vitro SAB de CV, an informal group of noteholders and Fintech Investments Ltd. closed on April 8.

Vitro is a Nuevo Leon, Mexico-based glass manufacturer. Its Chapter 11 case number is 11-32600.

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