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0 0.0344827586206897 0.00758620689655165 0.1 -0.0689655172413794 -0.137241379310345 -0.137241379310345 -0.137241379310345
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Unilife files for Chapter 11 protection [Reuters]

UNILIFE (UNIS)  More Company Research Source: Reuters
PDF 9:17am EDT   Unilife Corp : Unilife files for chapter 11 protection . Company has obtained a commitment for a $7 million debtor-in-possession financing facility . Unilife's operations will remain ongoing during chapter 11 process . Says SSG Capital Advisors LLC is company's restructuring advisor . DIP financing, cash from operations, expected to provide sufficient liquidity during chapter 11 cases to support continuing business operations . Foreign affiliates in Australia are not included in chapter 11 bankruptcy filing but are expected to be included in restructuring or sale . Filed voluntary petitions under chapter 11 of U.S. Bankruptcy Code in United States Bankruptcy Court for District of Delaware . Co has determined to simultaneously pursue both balance sheet restructuring of its debt, equity and a going concern sale of its assets .Filed a number of "first-day" motions with court designed to facilitate a smooth transition into chapter 11.  [Read more]

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