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Debt Financing / Related, Bankruptcy / Related, Equity Financing / Related

Mallinckrodt Announces Anticipated Chapter 11 Emergence

Published: 06/13/2022 11:25 GMT
(MNKKQ) - Mallinckrodt Announces Anticipated Chapter 11 Emergence and Provides Update on Trading of New Ordinary Shares.
Mallinckrodt Plc - Expects to Complete Its Reorganization Process, Emerge From Chapter 11 and Complete Irish Examinership Proceedings in Coming Days.
Mallinckrodt Plc - Expects to Issue at Emergence 13.17 Million New Ordinary Shares to Its Guaranteed Unsecured Noteholders.
Mallinckrodt Plc - New Shares Are Anticipated to Trade Over--counter Until Such Time As Company Relists on a National Securities Exchange.
Mallinckrodt Plc - Also Expects to Issue at Emergence to Opioid Claimants 3.3 Million Warrants, With a Strike Price of $103.40.