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Debt Financing / Related, Restructuring / Reorganization, Bankruptcy / Related

Mallinckrodt Plc Says Has Voluntarily Initiated Chapter 11 Proceedings In U.S.

Published: 10/12/2020 04:27 GMT
Mallinckrodt Plc (MNK) - Mallinckrodt Secures Broad Consensus With Key Stakeholders on Comprehensive Chapter 11 Restructuring.
Proposed Capital Structure Modifications Would Reduce Total Debt by Approximately $1.3 Billion.
Has Voluntarily Initiated Chapter 11 Proceedings in U.S. Bankruptcy Court for District of Delaware.
Mallinckrodt, All of Its Subsidiaries Are Continuing to Operate and Supply Customers and Patients With Products As Normal.
Reached Agreement on Terms of Amended Proposed Settlement That Would Resolve Opioid-related Claims Against Co.