Endo telegraphs $1.25 billion secured debt offering as part of bankruptcy exit financing

By Abigail W. Adams

Portland, Me., April 1 – Endo, Inc. telegraphed its intention of offering $1.25 billion in secured debt as part of its bankruptcy exit financing.

The planned debt offering was announced alongside $1.65 billion in credit facilities (B+), which are set to launch on Tuesday with a lender call scheduled.

The facilities consist of a $400 million super-priority revolver and a $1.25 billion term loan B.

Goldman Sachs Bank USA and JPMorgan Chase Bank are arranging the credit facilities.

Proceeds from the credit facilities and secured debt will be used to fund Endo’s exit from bankruptcy, which is slated as early as late April.

Endo is a Dublin-based diversified specialty pharmaceutical company that filed bankruptcy on Aug. 16, 2022. The Chapter 11 case number is 22-22549.

© 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.