Brief: Endo Enters Into Restructuring Support Agreement With Senior Secured Debtholders

Endo International

17/08/2022 07:48

Aug 17 (Reuters) - Endo International PLC  ENDP.O :
    * ENDO ENTERS INTO RESTRUCTURING SUPPORT AGREEMENT WITH
SENIOR
SECURED DEBTHOLDERS TO STRENGTHEN FINANCIAL POSITION AND ADVANCE
ONGOING BUSINESS TRANSFORMATION
    * SALE TRANSACTION WOULD RESULT IN A SUBSTANTIAL REDUCTION
OF DEBT
    * ENDO INTERNATIONAL - SALE TRANSACTION CONTEMPLATES
PURCHASER-ESTABLISHED VOLUNTARY TRUSTS FUNDED WITH $550 MILLION
TO BENEFIT OPIOID CLAIMANTS
    * ENDO INTERNATIONAL - UNDER RSA, DEBTHOLDER GROUP COMMITTED
TO
PROVIDING TOTAL PURCHASE CONSIDERATION OF ABOUT $6 BILLION IN
FORM OF A CREDIT BID
    * UNDER RSA, DEBTHOLDER GROUP HAS ALSO COMMITTED TO ASSUME
CERTAIN
LIABILITIES, FOR SUBSTANTIALLY ALL OF CO'S ASSETS

Source text for Eikon:  ID:nPn7dsSmma 
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