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Orexigen Noteholders Say $70M DIP Loan Strips Value

By Taylor Arluck (April 10, 2018, 9:21 PM EDT) -- A group of noteholders objected Monday in Delaware bankruptcy court to Orexigen Therapeutics Inc.'s $70.35 million debtor-in-possession loan, saying the financing will strip value from unsecured creditors by requiring the obesity treatment maker to sell its assets too quickly....

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