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Kidde-Fenwal secures 60-day extension of exclusive plan periods
By Sarah Lizee
Olympia, Wash., Jan. 9 – Kidde-Fenwal, Inc. secured a 60-day extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to an order filed Monday with the U.S. Bankruptcy Court for the District of Delaware.
Specifically, the court extended the exclusive plan filing period through March 10 and the exclusive solicitation period through May 8.
The company said discussions with the debtor’s key stakeholders have been ongoing and robust, but given the sale process and continuing investigations by the debtor, the official committee of unsecured creditors and other stakeholders, more time is necessary to develop and negotiate a plan of reorganization.
The industrial fire detection and suppression company is based in Ashland, Mass. The company filed bankruptcy on May 14, 2023 under Chapter 11 case number is 23-10638.
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