Updated Nov. 21, 2023 10:35 pm ET
A group of lenders at Endo International made a new proposal that would pay up to $465 million to the U.S. government agencies that objected to the bankrupt pharmaceutical company’s restructuring plan to hand control to the creditors.
Endo’s first-lien debtholders said the government agencies would receive $365 million over 10 years, according to a filing on Monday. The unpaid amount will be paid out ahead of other debts in case the restructured company files for bankruptcy again.
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