Curative Health Files Chapter 11 With $255M In Debts
The company has been financially struggling since last year, and the option of Chapter 11 had been extensively discussed. In December, Curative reached a restructuring agreement with its bondholders that would help strengthen its balance sheet.
Under the agreement, an ad hoc committee representing 80% of its 10.75% senior notes due in 2011 agreed to exchange $185...
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