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

Mallinckrodt Reaches Settlements With The Official Committee Of Opioid Related Creditors, The Official Committee Of Unsecured Creditors And Second Lien Noteholders

Published: 09/03/2021 10:45 GMT
(MNKKQ) - Mallinckrodt Reaches Settlements With the Official Committee of Opioid Related Creditors, the Official Committee of Unsecured Creditors and Second Lien Noteholders.
Mallinckrodt Plc - Company to File Amended Plan of Reorganization to Incorporate Terms.
Mallinckrodt Plc - Company Anticipates Commencing Its Confirmation Hearing in September 2021.
Mallinckrodt Plc - Amended Plan Includes Key Legal Settlements That Resolve, Among Other Claims, Opioid Claims Brought Against Company.
Mallinckrodt Plc - Amended Plan and Rsa Provide for a Financial Restructuring to Reduce Its Total Debt by About $1.3 Billion.
Mallinckrodt Plc - Amended Plan is Now Supported by Holders of Approximately 84% of Company's Guaranteed Unsecured Notes.