Mallinckrodt Plc Trust Provided Notice That It Was Extending Due Date Of Opioid Deferred Cash Payment From July 14, 2023 To July 21, 2023
Portfolio Pulse from Happy Mohamed
Mallinckrodt Plc Trust has extended the due date of its Opioid Deferred Cash Payment from July 14, 2023 to July 21, 2023. This is part of an ongoing series of extensions for the $200 million payment required to be made to the Trust. The company is still analyzing its situation and has not determined whether it will file for bankruptcy.
July 14, 2023 | 5:49 pm
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Mallinckrodt Plc Trust's extension of the due date for its Opioid Deferred Cash Payment may indicate financial instability. The company's future, including the possibility of bankruptcy, remains uncertain.
The repeated extensions of the due date for the Opioid Deferred Cash Payment suggest that Mallinckrodt Plc Trust may be struggling financially. The company's mention of potential bankruptcy further supports this interpretation. This uncertainty could negatively impact the company's stock price in the short term.
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