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MNK / Mallinckrodt stock falls after decision not to make interest payments, as drug maker continues to mull potential bankruptcy

Mallinckrodt stock falls after decision not to make interest payments, as drug maker continues to mull potential bankruptcy
Shares of Mallinckrodt PLC MNK dropped 4.8% in premarket trading Thursday, after the drug maker disclosed that it decided not to make interest payments that were due on June 15 on two senior secured notes. The company said failing to make the interest payments would constitute and event of default if the failure continues for a period of 30 days, for both the 11.50% First Lien Senior Secured Notes due 2028 and the 10.00% Second Lien Senior Secured Notes due 2029. Read More
Posted: Jun 15 2023, 07:24
Author Name: Market Watch
Views: 111425

MNK News  

Mallinckrodt discloses grand jury subpoena, makes bankruptcy filing official

By Market Watch
August 28, 2023

Mallinckrodt discloses grand jury subpoena, makes bankruptcy filing official

Mallinckrodt PLC made it official Monday, with the Dublin, Ireland-based drugmaker filing for bankruptcy for the second time in three years after stru more_horizontal

Drugmaker Mallinckrodt files for second bankruptcy in the US

By Reuters
August 28, 2023

Drugmaker Mallinckrodt files for second bankruptcy in the US

Drugmaker Mallinckrodt on Monday said the company and some of its units have filed for a second bankruptcy in 3 years in the U.S., with the newest res more_horizontal

Mallinckrodt stock tumbles on plans to file for Chapter 11 bankruptcy for second time in three years

By Proactive Investors
August 23, 2023

Mallinckrodt stock tumbles on plans to file for Chapter 11 bankruptcy for second time in three years

Mallinckrodt PLC (NYSE:MNK) said it plans to initiate voluntary prepackaged Chapter 11 bankruptcy proceedings in the US in a matter of days to give i more_horizontal

MNK Stock Alert: Mallinckrodt Files for Bankruptcy Again

By InvestorPlace
August 23, 2023

MNK Stock Alert: Mallinckrodt Files for Bankruptcy Again

Mallinckrodt (NYSEMKT: MNK ) stock isn't doing so hot on Wednesday after the pharmaceutical company gets ready for another bankruptcy filing. A press more_horizontal

U.S. drugmaker Mallinckrodt plans to file for bankruptcy protection

By Reuters
August 23, 2023

U.S. drugmaker Mallinckrodt plans to file for bankruptcy protection

Mallinckrodt is planning to start bankruptcy proceedings in the coming days, the U.S. drugmaker said on Wednesday, as it struggles to make required se more_horizontal

Mallinckrodt to file for prepackaged Chapter 11 bankruptcy and cut about $1.9 billion in debt

By Market Watch
August 23, 2023

Mallinckrodt to file for prepackaged Chapter 11 bankruptcy and cut about $1.9 billion in debt

Mallinckrodt PLC MNK, +5.09% said Wednesday it has entered a Restructuring Support Agreement with most of its first and second lien debtholders and th more_horizontal

Drugmaker Mallinckrodt in talks with hedge funds to avoid opioid settlements - WSJ

By Reuters
July 26, 2023

Drugmaker Mallinckrodt in talks with hedge funds to avoid opioid settlements - WSJ

Drugmaker Mallinckrodt is talking to hedge funds about filing for bankruptcy and avoiding payments intended to help people addicted to opioids, the Wa more_horizontal

Mallinckrodt stock rises after disclosure of another one-week delay in the $200 million opioid-settlement payment

By Market Watch
July 14, 2023

Mallinckrodt stock rises after disclosure of another one-week delay in the $200 million opioid-settlement payment

Shares of Mallinckrodt PLC MNK, +4.35% rose 5.5% in afternoon trading Friday, after the drugmaker disclosed that it will once again delay the $200 mil more_horizontal


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