Mallinckrodt Gets Another Extension on Opioid Settlement Payment

Mallinckrodt entered into forbearance with 2028 Notes holders to extend the due date for the deferred cash payment of $200m from July 21 to August 15, according to a filing.

• Board has not determined path forward regarding bankruptcy filing
• Also discloses that ST US AR Finance LLC borrowed $100m under the ABL Credit Agreement to maximize cash on hand
• NOTE: Mallinckrodt Says Opioid Trust Further Extending Payment Date

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