Health
Mallinckrodt Gets Extension on $200 Million Opioid Payment Deadline
- Trust extended opioid payment deadline one week to June 23
- Mallinckrodt is evaluating obligations under a settlement
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Mallinckrodt Plc struck a deal to delay a $200 million opioid settlement payment originally due Friday as it continues evaluating options to restructure its balance sheet.
The company got an extension to June 23 from representatives of the opioid trust administering settlement proceeds, according to a Friday regulatory filing. Mallinckrodt said it is continuing to evaluate its capital needs given its obligations under the opioid settlement and its long-term debt.