Barzel Industries' exclusive plan filing period extended to April 13

By Caroline Salls

Pittsburgh, Jan. 28 - Barzel Industries Inc. obtained a 90-day extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Thursday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company's exclusive plan filing period was extended to April 13 from Jan. 13 and the solicitation period to June 11 from March 13.

Barzel said it has spent considerable time negotiating and obtaining court approval of its post-petition debtor-in-possession financing credit facility as well as marketing its assets and negotiating with potential purchasers.

Barzel Industries is a Norwood, Mass.-based operator of a network of manufacturing, processing and distribution facilities in the United States and Canada. The company filed for bankruptcy on Sept. 15. The Chapter 11 case number is 09-13204.

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