Initiates Voluntary Prepackaged Chapter 11 Proceedings with Overwhelming Support of Key Stakeholders, Including 85%+ of First and Second Lien Debtholders
Continuing to Operate Normally, Serve Customers and Deliver High-Quality Therapies to Patients
Vendors and Suppliers Expected to be Paid in Full in the Ordinary Course
DUBLIN, Aug. 28, 2023 /PRNewswire/ — Mallinckrodt plc (NYSE American: MNK) (“Mallinckrodt” or the “Company”), a global specialty pharmaceutical company, today announced that it has taken the next step to implement the comprehensive financial restructuring plan contemplated by a Restructuring Support Agreement (“RSA”) the Company previously entered into with more than 85% of each of the Company’s first and second lien de…
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