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6/29 MannKind Renegotiates Debt Payment To Deerfield

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TREND1 Member Level  Thursday, 06/29/17 02:41:59 PM
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6/29 MannKind Renegotiates Debt Payment To Deerfield


•Company extends July $10 payment to as late as October 31

•Company negotiates exchanging shares for $5 million in debt

•Covenant for cash is reduced from $25 million to $10 million

•The renegotiation dilutes stock by nearly 3.6 million shares offered at a discount to current trading prices


https://seekingalpha.com/article/4084906-mannkind-renegotiates-debt-payment-deerfield?auth_param=1vat:1clahia:adbd0b0d207b66065ef0fb75a9fe3110&uprof=51


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