Reuters: Bankruptcy News: Petroplus seeks 6-month extension of grace period

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Petroplus seeks 6-month extension of grace period Mar 21st 2012, 13:49 GENEVA, March 21 | Wed Mar 21, 2012 9:49am EDT GENEVA, March 21 (Reuters) - Insolvent oil refiner Petroplus' administrator said on Wednesday it has applied to a Swiss court for a six-month debt moratorium to extend protection from creditors as it seeks to restructure debt in its holding and marketing companies. Petroplus Holdings AG and Petroplus Marketing AG received a two-month grace period to restructure debt from a Swiss judge that is due to expire on March 27. (Reporting by Emma Farge. Editing by Jane Merriman)

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