Endo files for Chapter 11 bankruptcy; in restructuring support agreement with creditors

seekingalpha2022-08-17

Endo International (NASDAQ:ENDP) has filed for Chapter 11 bankruptcy in New York as part of a restructuring support agreement (RSA) with the pharma company's first lien debt holders. Earlier Tuesday, ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2260895783?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-08-17 10:21","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2260895783","market":"us","top_or_hot":-1,"title":"Endo files for Chapter 11 bankruptcy; in restructuring support agreement with creditors","media":"seekingalpha","content":"<div>\n<p>Endo International (NASDAQ:ENDP) has filed for Chapter 11 bankruptcy in New York as part of a restructuring support agreement (RSA) with the pharma company's first lien debt holders. Earlier Tuesday, ...</p>\n\n<a href=\"https://seekingalpha.com/news/3873901-endo-files-for-chapter-11-bankruptcy-in-restructuring-support-agreement-with-creditors\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Endo files for Chapter 11 bankruptcy; in restructuring support agreement with creditors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEndo files for Chapter 11 bankruptcy; in restructuring support agreement with creditors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-17 10:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3873901-endo-files-for-chapter-11-bankruptcy-in-restructuring-support-agreement-with-creditors><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Endo International (NASDAQ:ENDP) has filed for Chapter 11 bankruptcy in New York as part of a restructuring support agreement (RSA) with the pharma company's first lien debt holders. Earlier Tuesday, ...</p>\n\n<a href=\"https://seekingalpha.com/news/3873901-endo-files-for-chapter-11-bankruptcy-in-restructuring-support-agreement-with-creditors\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4557","symbol_name":"大麻股","start_time":0,"source_url":"https://seekingalpha.com/news/3873901-endo-files-for-chapter-11-bankruptcy-in-restructuring-support-agreement-with-creditors","article_id":"2260895783","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2260895783","pubTimestamp":1660702885,"columns":[],"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Endo International (NASDAQ:ENDP) has filed for Chapter 11 bankruptcy in New York as part of a restru","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4557":"大麻股","BK4007":"制药"},"translate_title":"Endo申请第11章破产；在与债权人的重组支持协议中","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ENDP":1},"content_text":"Endo International (NASDAQ:ENDP) has filed for Chapter 11 bankruptcy in New York as part of a restructuring support agreement (RSA) with the pharma company's first lien debt holders. Earlier Tuesday, Bloomberg reported that creditors were looking at putting Endo (ENDP) up for sale through a bankruptcy proceeding.  The RSA involves more than a majority of the first lien debt holders. The debtholder group has agreed to provide purchase consideration of ~$6B through a credit bid, as well as assuming some liabilities, for nearly all of Endo's (ENDP) assets. Endo (ENDP) noted that the \"stalking horse\" biud is subject to higher or better offers. The company has been plagued by more than $8B of debt as well as ongoing litigation related to its alleged role in the nation's opioid crisis.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2260895783"}