The Relay Company (f/k/a The Rockport Company) – Requests Extension of Exclusive Plan Filing Period, Expects to File Liquidating Plan “in the Next Few Days”

September 11, 2018 – The Relay Company (f/k/a The Rockport Company) filed with the Court a motion to extend the periods during which the Company has an exclusive right to file a Chapter 11 Plan, and solicit acceptances thereof, through and including December 10, 2018 and February 11, 2019, respectively [Docket No. 489]. Absent the requested relief, the Plan filing and solicitation dates are scheduled to expire on September 11, 2018 and November 13, 2018, respectively. The motion explains, “Consistent with the Final DIP Order Supplement, the Debtors intend to file a combined plan and disclosure statement (the ‘Combined Plan and Disclosure Statement’) in the next few days. The Combined Plan and Disclosure Statement will be a liquidating plan and the Debtors’ believe the most efficient and cost effective means of orderly liquidating the Debtors’ estates and providing distributions to stakeholders….The Debtors anticipate interim approval of the Combined Plan and Disclosure Statement at the hearing scheduled for October 3, 2018 and intend to solicit votes on the Combined Plan and Disclosure Statement following the hearing. Thus, the Debtors seek the requested extension of the Exclusive Periods to allow the time necessary to complete the solicitation process and obtain confirmation of the Combined Plan and Disclosure Statement and allow for any unanticipated delays associated with these efforts….Moreover, the proposal and solicitation of a competing plan would both inefficient and costly during this critical period immediately preceding the confirmation hearing.” The Court scheduled an October 3, 2018 hearing to consider the extension, with objections due by September 25, 2018.