LifeScan to Emerge from Chapter 11 Bankruptcy
LifeScan, a glucose monitor maker, announced that its Chapter 11 bankruptcy reorganization plan has been approved by the U.S. Bankruptcy Court for the Southern District of Texas.
The company is now positioned to emerge from its financial restructuring process by the end of the year, with plans to "transform its balance sheet" and position itself for a stronger, more profitable future.
- Reduce more than 75% of its debt
- Accelerate strategic investments to support its future
LifeScan expects to emerge from the process under the majority ownership of a group of existing lenders, including Canyon Partnership and Brigade Capital Management.
Author's summary: LifeScan emerges from bankruptcy with a stronger financial future.
More News
- 'Roll Out’ to UCR Homecoming 2025
- Lacoste Debuts Rolex Paris Masters 2025 Collection - V Magazine
- Illinois House Democrats push first-in-the-world wealth tax, streaming, concert taxes in $1.5 billion tax hike
- Xbox Network and Minecraft Go Down After Major Microsoft Azure Outage | iPhone in Canada
- Microsoft Azure is down, affecting 365, Xbox, Minecraft, and others | TechCrunch
- This New Spy Thriller Series Took Over Netflix and Hit #3 Overnight
- Making Life’s Tough Choices Easier: How Ceerly’s Yes or No Tarot Helps You Find Instant Clarity | NorthPennNow
- DWTS' Alan Bersten, Elaine Hendrix Taking 'It Easy' After Her Hospitalization
- Luke Bryan's Family Guide: All About His Parents, Sister and Brother
- We need a new Turing test to assess AI’s real-world knowledge