---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-072532"
form_type: "8-K"
ticker: null
cik: "0001567892"
company_name: "Keenova Therapeutics plc"
filed_at: "2023-06-20T23:59:59+00:00"
generated_at: "2026-06-13T21:16:53.118026+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Mallinckrodt misses $17M interest payment, default risk looms

## Summary
- Company skipped ~$17M interest due June 20 on $1.728B first lien term loans.
- Non-payment triggers 5-business-day grace period; event of default if uncured.
- Default could accelerate term loans and cross-default ABL facility and opioid settlement.
- Board evaluating capital options including possible bankruptcy filing.
- Stakeholder discussions ongoing; no assurance of outcome.

## SEC filing metadata
- accession: 0001104659-23-072532
- form_type: 8-K
- cik: 0001567892
- company_name: Keenova Therapeutics plc
- filed_at: 2023-06-20T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 2.04
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1567892/000110465923072532/0001104659-23-072532-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1567892/000110465923072532/tm2319092d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-072532
- JSON: https://secwatch.observer/filing/0001104659-23-072532.json
- Plain text: https://secwatch.observer/filing/0001104659-23-072532.txt

## Key facts
- Debt Financings
  Keenova Therapeutics plc reported a default on credit facility of approximately $1,728 million with Deutsche Bank AG New York Branch.
  - Instrument: credit facility
  - Principal: approximately $1,728 million
  - Counterparty: Deutsche Bank AG New York Branch
  - Event: default
  source text: York Branch, as collateral agent (the “Credit Agreement”), and provides for first lien senior secured term loan facilities with an aggregate principal amount of approximately $1,728 million (collectively, the “First Lien Senior Secured Term Loans”). The failure to make the Term Loan Interest Payment will constitute an event of default under the Credit Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1567892/000110465923072532/0001104659-23-072532-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.