---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-081484"
form_type: "8-K"
ticker: null
cik: "0001567892"
company_name: "Keenova Therapeutics plc"
filed_at: "2023-07-17T23:59:59+00:00"
generated_at: "2026-06-13T07:40:17.572713+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Mallinckrodt enters forbearance on missed interest; $200M opioid payment extended to Aug 15

## Summary
- Missed June 15 interest payments on 11.5% 2028 First Lien Notes and 10% 2029 Second Lien Notes triggered defaults.
- Forbearance agreements signed July 16 with >75% of first-lien and majority of second-lien holders, plus lenders, through Aug 15.
- Borrowed $100M under ABL credit facility on July 13; ABL margin increased 1% and availability capped at $100M.
- Opioid Trust extended $200M deferred payment from July 21 to Aug 15; $450M already paid in June 2022.
- Board has not determined ultimate path, including possible filing under U.S. Bankruptcy Code.

## SEC filing metadata
- accession: 0001104659-23-081484
- form_type: 8-K
- cik: 0001567892
- company_name: Keenova Therapeutics plc
- filed_at: 2023-07-17T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 8.01, 2.03, 2.04, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1567892/000110465923081484/0001104659-23-081484-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1567892/000110465923081484/tm2321318d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-081484
- JSON: https://secwatch.observer/filing/0001104659-23-081484.json
- Plain text: https://secwatch.observer/filing/0001104659-23-081484.txt

## Key facts
- Debt Financings
  Keenova Therapeutics plc incurred credit facility of $100.0 million.
  - Instrument: credit facility
  - Principal: $100.0 million
  - Event: incurrence
  source text: On July 13, 2023, ST US AR Finance LLC borrowed $100.0 million under the ABL Credit Agreement in order to maximize cash on hand.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1567892/000110465923081484/0001104659-23-081484-index.htm

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