Mallinckrodt Considering Bankruptcy as Opioid Payment Nears

Mallinckrodt confirms it is considering bankruptcy and is evaluating options including transactions proposed by holders.

• The Opioid Master Disbursement Trust II sent a letter on June 1 demanding payment and threatening action against the company
• Company received unsolicited letters from various holders requesting it consider options regarding the $200 million opioid settlement payment it owes
• From 6/2, Mallinckrodt to Consider Repeat Bankruptcy, WSJ Says
• From 5/26, Mallinckrodt Lenders Pitch Restructuring as Opioid Payment Nears

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Lara Sanli in New York at lsanli@bloomberg.net

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