AgFeed secures second exclusivity extension to resolve plan issues

By Caroline Salls

Pittsburgh, Feb. 3 - AgFeed USA, LLC received an extension of its exclusive periods for filing and soliciting votes on a plan of liquidation, according to a Monday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company's exclusive filing period was extended through March 4 from Jan. 13 and the solicitation period through April 30 from March 11.

As previously reported, AgFeed filed a plan on Dec. 18.

While it believes that plan is confirmable, the company said it is still in negotiations with a number of constituencies to resolve outstanding issues.

According to the motion, more time is needed to resolve complex plan-related issues so the confirmation process can move forward on a largely consensual basis.

AgFeed USA, an Ames, Iowa-based producer of animal feed, filed for bankruptcy on July 15, 2013. Its Chapter 11 case number is 13-11761.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.