Form 8-K Mallinckrodt plc For: Aug 15

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Go back to Form 8-K Mallinckrodt plc For: Aug 15

Mallinckrodt (MNK) Enters Forbearance Extension Agreements, Discussing Chapter 11 Bankruptcy

August 15, 2023 1:56 PM EDT

(Updated - August 15, 2023 1:58 PM EDT)

Mallinckrodt (NYSE: MNK) disclosed:

Item 1.01. Entry into a Material Definitive Agreement.

As previously disclosed, on July 16, 2023, Mallinckrodt plc (the Company) and/or certain of its subsidiaries entered into certain forbearance agreements with (a) the holders of more than 75% in principal amount of the outstanding 11.50% first lien senior secured notes due 2028 issued by certain of its subsidiaries (2028 First Lien Notes), (b) the holders of a majority in principal amount of each of (i) the outstanding 10.00% second lien senior secured notes due 2029 issued by certain of its subsidiaries... More