Brief: Quotient Ltd Enters Into Amended And Restated Transaction Support Agreement

Quotient

10/01/2023 22:13

Jan 10 (Reuters) - Quotient Ltd  U4W0.F :
    * QUOTIENT LTD- ON JAN 9, CO ENTERED INTO AMENDED AND
RESTATED
TRANSACTION SUPPORT AGREEMENT
    * QUOTIENT LTD- CO FILED A VOLUNTARY PETITION FOR RELIEF
UNDER
CHAPTER 11 OF TITLE 11 OF UNITED STATES CODE
    * QUOTIENT LTD - WILL CONTINUE TO OPERATE ITS BUSINESS AS A
"DEBTOR IN POSSESSION" UNDER JURISDICTION OF BANKRUPTCY COURT
    * QUOTIENT LTD - FILED SERIES OF FIRST DAY MOTIONS WITH
BANKRUPTCY
COURT THAT SEEK AUTHORIZATION TO CONTINUE TO CONDUCT BUSINESS
WITHOUT INTERRUPTION
    * QUOTIENT LTD - NONE OF QUOTIENT'S SUBSIDIARIES INTEND TO
FILE
VOLUNTARY PETITIONS FOR RELIEF UNDER BANKRUPTCY CODE
    * QUOTIENT LTD - EACH OF CO'S SUBSIDIARIES EXPECTS TO
CONTINUE TO
OPERATE ITS RESPECTIVE BUSINESS IN ORDINARY COURSE UNAFFECTED BY
CHAPTER 11 CASE
    * QUOTIENT LTD -  FILING CONTEMPLATED UNDER A&R TSA AS PART
OF
RESTRUCTURING TO DE-LEVER CONSOLIDATED BALANCE SHEET BY REDUCING
DEBT BY ABOUT $140 MILLION

Source: (shorturl.at/bixKS)
Further company coverage:  U4W0.F 
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