Endo to launch $1.65 billion credit facilities on Tuesday

By Sara Rosenberg

New York, April 1 – Endo, Inc. is set to hold a lender call at 11 a.m. ET on Tuesday to launch $1.65 billion of credit facilities (B+), according to a market source.

Goldman Sachs Bank USA and JPMorgan Chase Bank are the arrangers on the deal.

The facilities consist of a $400 million super-priority revolver and a $1.25 billion term loan B, the source said.

Proceeds will be used with $1.25 billion of other secured debt to fund the company’s exit from Chapter 11.

The company hopes to emerge from bankruptcy as early as late April.

Endo is a Dublin-based diversified specialty pharmaceutical company that filed bankruptcy on Aug. 16, 2022. The Chapter 11 case number is 22-22549.

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