Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for Mallinckrodt plc > News item |
S&P cuts Mallinckrodt
S&P said it downgraded Mallinckrodt plc and its issue-level ratings to D following the voluntary filing for protection under Chapter 11 of the U.S. Bankruptcy Code.
The company reported a number of parties have agreed in principle to a restructuring support agreement, including 84% of its unsecured debtholders, 50 states and territories and the court-appointed plaintiffs’ executive committee for the opioid multidistrict litigation.
S&P said it would reevaluate the company after it emerges from Chapter 11.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.