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ENDP Endo International PLC

0.2926
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Endo International PLC NASDAQ:ENDP NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.2926 0.29 0.294 0 01:00:00

Endo Bondholder Group Continues to Call on Company Not to File for Bankruptcy

10/08/2022 7:08pm

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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)

Copyright (c) 2022 Dow Jones & Company, Inc.

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