Restructuring Support Agreement Supported by Holders of More Than 80% of the Company’s Senior Secured Notes and 100% of the Company’s Second Lien Term Loans
Transaction Will Significantly Strengthen the Company’s Financial Position by Eliminating Approximately $511 Million of Secured Debt Through Conversion into Equity
Operations to Continue Without Interruption Through and Following the Process
TREVOSE, Pa., May 1, 2023 /PRNewswire/ — Lannett Company, Inc. (OTCMKTS: LCIN) (the “Company” or “Lannett”) today announced that, together with certain of its subsidiaries (collectively with the Company, as applicable, the “Company Parties”), it has entered into a Restructuring Support Agreement (the “RSA”) with holders of more than 80% of it…
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