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Drugmaker Mallinckrodt Buys Time for Lawsuits With New Debt Swap

Mallinckrodt Plc, the maker of opioids and other drugs, struck a deal with lenders including hedge fund Aurelius Capital Management and Franklin Advisers that buys it five more years to repay a chunk of its billions in debt, according to a regulatory filing from the company.

Bankrupt Alaskan Regional Airline to Tap $6 Million for Workers

Ravn Air Group Inc. was authorized to immediately tap into half of a $12 million bankruptcy loan as the Alaskan regional airline struggles to maximize the value of its assets and deliver crucial supplies to the state’s most remote population centers.

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