Implant Maker Sientra Cleared to Draw Deerfield Bankruptcy Loan [BNN Bloomberg (Canada)]
Sientra, Inc. (SIEN)
Last sientra, inc. earnings: 3/11 04:05 pm
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US:NASDAQ Investor Relations:
investors.sientra.com/overview/default.aspx
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Source: BNN Bloomberg
Chapter 11 loan provided by Deerfield Partners LP as it attempts to sell its business. Judge John Dorsey said Wednesday he'd give interim approval to the loan, which provides Sientra $22.5 million in new money and rolls-up as much as $67.5 million in existing company loans. Roll-ups are provisions commonly used in bankruptcy financing that move companies' existing debt to the front of the Chapter 11 repayment line in lockstep with newly lent money. The Chapter 11 financing will give Sientra cash to continue operating while it attempts to sell its business. Sientra lawyer Nicole Greenblatt said during the company's first court hearing Wednesday that it has has garnered additional expressions of interest since filing Chapter 11 on Monday. Wednesday's ruling gives Sientra immediate access to $9 million, according to court documents. The company will seek approval from Dorsey at a later hearing to tap the rest of the bankruptcy financing, which is common in Chapter 11. Sientra has
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SIEN
News
- Sientra, Inc. (NASDAQ: SIEN) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Sientra, Inc. (NASDAQ: SIEN) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Health Care Limits Losses Amid Defensive Bias -- Health Care Roundup [MarketWatch]MarketWatch
- Breast-Implant Maker Sientra Files Bankruptcy After Consumer Pullback [BNN Bloomberg (Canada)]BNN Bloomberg
- Sientra drops on filing of voluntary Chapter 11 Bankruptcy [Seeking Alpha]Seeking Alpha
SIEN
Earnings
- 11/9/23 - Miss
SIEN
Sec Filings
- 2/20/24 - Form SC
- 2/16/24 - Form 8-K
- 2/13/24 - Form 8-K
- SIEN's page on the SEC website