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Debt Financing / Related, Bankruptcy / Related

Mallinckrodt Emerges From Chapter 11 With Strengthened Balance Sheet And Enhanced Financial Flexibility

Published: 06/16/2022 22:11 GMT
(MNKKQ) - Mallinckrodt Emerges From Chapter 11 With Strengthened Balance Sheet and Enhanced Financial Flexibility.
Mallinckrodt Plc - Appoints Sigurdur Olafsson As President and Chief Executive Officer.
Mallinckrodt Plc - Successfully Completed Its Reorganization Process, Emerged From Chapter 11 and Completed Irish Examinership Proceedings.
Mallinckrodt Plc - Company's Board Now Comprises Six Independent Directors.
Mallinckrodt Plc - in Connection With Emergence, Mallinckrodt Issued $650 Million in Aggregate Principal Amount of New First Lien Senior Secured Notes.
Mallinckrodt Plc - Mallinckrodt Also Entered Into a $200 Million Accounts Receivable Financing Facility.
Mallinckrodt- New Shares Anticipated to Trade Over--counter Under Ticker Symbol "mnkpf" Until Such Time As Co Relists on National Securities Exchange.
Mallinckrodt Plc - Implementing Plan and Scheme Strengthens Company's Balance Sheet, Reduces Its Total Debt by Approximately $1.3 Billion.
Mallinckrodt - Will Operate Opioid Business in Responsible Manner, in Compliance With Operating Injunction Agreed to With State Attorneys General.