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Quigley DIP facility term extended to Aug. 13
By Caroline Salls
Pittsburgh, Feb. 28 - Quigley Co. Inc. obtained court approval to extend the term of its debtor-in-possession financing to Aug. 13 from March 5, according to a Wednesday filing with the U.S. Bankruptcy Court for the Southern District of New York.
Although the DIP facility is still undrawn, Quigley said it sought the extension so the financing will continue to be available if it is needed as the company proceeds toward modification, confirmation and consummation of its plan of reorganization.
Quigley, a unit of Pfizer Inc., filed for bankruptcy on Sept. 3, 2004. Its Chapter 11 case number is 04-15739.
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