Trident Holding wins exclusivity extension, cites plan hearing change

By Caroline Salls

Pittsburgh, June 14 – Trident Holding Co., LLC received an extension of its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to an order filed Friday with the U.S. Bankruptcy Court for the Southern District of New York.

Trident’s exclusive plan-filing period was extended through Aug. 9 and the solicitation period through Oct. 8.

According to the motion, the company has made substantial progress toward achieving a successful turnaround and taking the steps necessary to implement its restructuring support agreement transactions, including delivering a business plan and filing a plan of reorganization and related disclosure statement.

Trident said the confirmation hearing was recently moved to accommodate briefing schedules related to adversary proceedings.

“Given those accommodations, and the progress of these cases to date, the debtors’ exclusivity should be preserved,” the motion said.

Trident is a Sparks, Md.-based diagnostic health care provider. The company filed bankruptcy on Feb. 10 under Chapter 11 case number19-10384.

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