Dura Wants Confirmation Hearing Pushed Back

Law360, New York (December 11, 2007, 12:00 AM EST) -- Dura Automotive Systems Inc. said on Monday that it will ask the bankruptcy court overseeing its Chapter 11 proceedings to push back its confirmation hearing to give Barclays Capital and Goldman Sachs Credit Partners LP more time to line up $425 million in exit financing.

Dura wants the confirmation hearing, currently slated for Dec. 11, postponed until later in the month.

Dura said that it had “syndicated a majority of its exit financing facility” and would seek an extension to complete the financing. The company also...
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