BRIEF-Endo Enters Into Restructuring Support Agreement With Senior Secured Debtholders

Reuters2022-08-17

Aug 17 (Reuters) - Endo International PLC :

* ENDO ENTERS INTO RESTRUCTURING SUPPORT AGREEMENT WITH SENIOR SECURED DEBTHOLDERS TO STRENGTHEN FINANCIAL POSITION AND ADVANCE ONGOING BUSINESS TRANSFORMATION

* SALE TRANSACTION WOULD RESULT IN A SUBSTANTIAL REDUCTION OF DEBT

* ENDO INTERNATIONAL - SALE TRANSACTION CONTEMPLATES PURCHASER-ESTABLISHED VOLUNTARY TRUSTS FUNDED WITH $550 MILLION TO BENEFIT OPIOID CLAIMANTS

* ENDO INTERNATIONAL - UNDER RSA, DEBTHOLDER GROUP COMMITTED TO PROVIDING TOTAL PURCHASE CONSIDERATION OF ABOUT $6 BILLION IN FORM OF A CREDIT BID

* UNDER RSA, DEBTHOLDER GROUP HAS ALSO COMMITTED TO ASSUME CERTAIN LIABILITIES, FOR SUBSTANTIALLY ALL OF CO'S ASSETS

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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