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Published on 11/1/2023 in the Prospect News Distressed Debt Daily.

Incora seeks exclusivity extensions at Thursday hearing

Chicago, Nov. 1 – Wesco Aircraft Holdings, Inc.’s (Incora) will be asking for an extension to the exclusive periods to file a Chapter 11 plan and solicit votes at a hearing on Nov. 2, according to an agenda filed with the U.S. Bankruptcy Court for the Southern District of Texas.

According to a separate filing, Langur Maize, LLC, holder of a majority of the outstanding 13 1/8% senior notes due 2027 issued by Wesco, which has objected to various parts of the case in the past, has no major objection to the extension provided that the debtor-in-possession lenders will extend the maturity of the DIP financing to accommodate such an extension.

Based in Fort Worth, Incora is a provider of comprehensive supply chain management services to the global aerospace and other industries. The company filed bankruptcy on June 1 under Chapter 11 case number 23-90611.


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