AgFeed USA secures court approval for 45-day exclusivity extension

By Caroline Salls

Pittsburgh, March 20 - AgFeed USA, LLC received court approval of a further extension of its exclusive plan of reorganization filing and solicitation periods, according to a March 20 filing with the U.S. Bankruptcy Court for the District of Delaware.

The company's exclusive filing period was extended through April 21 from March 4 and its solicitation period through June 18 from April 30.

As previously reported, AgFeed filed a plan on Dec. 18, which it still maintains the ability to confirm, but cited "outstanding issues in connection with the plan" as cause for a further extension.

This is the company's third exclusivity extension.

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.

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