RE:RE:Waiting to Hear That Chapter 11 is "BULLISH"$500m in the bank, however...
- $90m Cinven payment due Feb 2017
- $34m unsecured equity bridge due next year
- expected $90m fine related to Amdipharm acquisition
- $101m unsecured bridge loan
- $1.5 billion unsecured notes
- $1.75 billion secured debt (including the $350m first lien notes issued last month, that have dropped 20% in value already)
The bondholders are getting nervous as the generic drug sales keep declining. Thats the problem.