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Stock impact report

Concordia International announces update on recapitalization plan [Seeking Alpha]

CONCORDIA HEALTH CARE (CXRX) 
Last concordia health care earnings: 11/14 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: concordiarx.com/investors
Company Research Source: Seeking Alpha
Concordia International announces update on recapitalization planConcordia International (NASDAQ:CXRX)announces that the Company's previously announced recapitalization transaction has received the requisite level of debtholder approvals as provided for in the interim order of the Ontario Superior Court of Justice dated May 2.Also, it is extending the early consent date for all the remaining debtholders from June 6 to June 12. Deadline to elect the type and currency of new senior secured debt/loan is June 28.If the plan is approved by the requisite majorities, the Company and its subsidiary, will attend a hearing before the Court on June 26 seeking its OK.As part of the Court approval of the Recapitalization Transaction, the Company will seek a permanent waiver of any and all: (a) defaults resulting from the commencement of these CBCA proceedings, and (b) third party change of control provisions that may be triggered by the implementation of the Recapitalization Transaction.Previously Show less Read more
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