Endo Bondholder Group Continues to Call on Company Not to File for Bankruptcy
August 10 2022 - 2:08PM
Dow Jones News
By Soma Biswas
A group of investors who hold Endo International PLC's unsecured
notes continues to try to persuade the company to stay out of
bankruptcy, saying a chapter 11 filing isn't warranted in light of
the company's latest earnings report.
The bondholder group, advised by law firm White & Case LLP,
argued the company beat its own earnings guidance for the second
quarter ended in June.
The unsecured note holders' announcement comes a day after Endo
disclosed that a bankruptcy filing is imminent and that it is in
discussions with senior lenders about plan to file chapter 11.
Ireland-domiciled drug manufacturer Endo, missed interest
payments on some of its bonds starting in June.
Write to Soma Biswas at soma.biswas@wsj.com
(END) Dow Jones Newswires
August 10, 2022 13:53 ET (17:53 GMT)
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