Akorn said it successfully completed its sale to some of the company’s term loan lenders, which was approved by the United States Bankruptcy Court for the District of Delaware last month.
- Akorn’s long-term debt has been cut by more than half, and the company has secured a revolving credit line to ensure a stronger balance sheet and operating flexibility
- Following the official completion of the transaction, Akorn is now operating as a private entity under the legal name of Akorn Operating Co.
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