Anyone know what is going on here? From the summary, secured creditors are making a play to buy the assets in another bankruptcy (liquidation)? Mallinckrodt’s Bond Falls Amid Settlement Payments Pressure Mallinckrodt’s Bond Falls Amid Settlement Payments Pressure Mallinckrodt Lenders Pitch Restructuring as Opioid Payment Nears "A group of first-lien lenders to Mallinckrodt Plc has pitched a proposal to the drugmaker that would allow them to bid for the company’s assets through another bankruptcy as a $200 million payment owed under its settlement in the opioid crisis comes due, according to people familiar with the matter. The payment — due June 16 and earmarked for an opioid trust — is supposed to be Mallinckrodt’s first since exiting bankruptcy a year ago. Some of its lenders, however, are concerned that the payment could strain the company’s liquidity and want Mallinckrodt to skip it or renegotiate."
