Lannett Company, Inc. Files Prepackaged Chapter 11 Cases

 

• Restructuring Support Agreement Supported by Holders of More than 80% of the Company's Senior Secured Notes and 100% of Holders of Second Lien Term Loan
• Restructuring Transactions Will Reduce the Company's Funded Debt by Approximately $597 Million
• No Impact on Business Operations as Company Pursues Business Plan

Lannett Company, Inc. is filing with the Court a series of customary "First Day Motions" to facilitate a smooth transition and to support operations during its case. The Company will continue servicing its existing customers, vendors, partners, and other stakeholders in the ordinary course of business.

Additional information regarding the Company's process is available at https://omniagentsolutions.com/LCI. Interested parties who may have questions related to the restructuring may call the Company's Claims Agent Omni at 1-888-481-0009 (U.S. and Canada Toll Free) / (747) 293-0012 (International) or email inquiries to lciinquiries@omniagnt.com.

https://www.biospace.com/article/releases/lannett-company-inc-files-prepackaged-chapter-11-cases-to-significantly-strengthen-financial-position/