Sientra to Pursue Strategic Sale of its Business Through Voluntary Chapter 11 Process
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: GlobeNewswire
IRVINE, Calif., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Sientra, Inc. (NASDAQ: SIEN) (“Sientra” or the “Company”), a surgical aesthetics company developing and commercializing safe and innovative solutions for the best aesthetic outcomes, announced that it filed for Chapter 11 protection in the United States Bankruptcy Court for the District of Delaware on February 12, 2024. The Company further disclosed that it intends to pursue a sale of its business under Section 363 of the Bankruptcy Code, while continuing to support its customers during the Chapter 11 process. The Company seeks to execute an expedited sale process. Sientra will utilize existing cash reserves and $22.5 million in new money debtor-in-possession financing from existing lenders to facilitate the sale and support ongoing Company operations. The debtor-in-possession financing will also include a “roll up” of $67.5 million of Sientra’s prepetition debt obligations. The Company will continue to operate its business during t
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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
- Implant Maker Sientra Cleared to Draw Deerfield Bankruptcy Loan [BNN Bloomberg (Canada)]BNN Bloomberg
- 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
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