Vice Group receives 90-day extension of exclusive plan periods

By Sarah Lizee

Olympia, Wash., Oct. 20 – Vice Group Holding Inc. received an extension of its exclusive periods to file and solicit 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.

The court extended the exclusive plan filing period by 90 days through Dec. 12 and the exclusive solicitation period by 90 days through Feb. 9.

The debtors plan to file a Chapter 11 plan of liquidation.

As previously reported, the company sold all of its assets to a group of lenders including Fortress Investment Group, Soros Fund Management and Monroe Capital for $350 million in the form of a credit bid.

The company said it is working to transition the businesses to the lenders.

Vice is a global multi-platform media company with headquarters in Brooklyn, N.Y. The company filed bankruptcy on May 15 under Chapter 11 case number 23-10767.

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