Sep 2Wolfspeed: 91-Day Prepack Cuts $4.6B in Chapter 11Wolfspeed emerged from prepackaged chapter 11 in 91 days, eliminating $4.6B of $6.7B debt. Annual interest expense cut ~60%; 200mm SiC fab intact.PrepackagedTechnology & telecom
Mar 6Vyera Pharmaceuticals: Daraprim Legacy Ends in LiquidationVyera Pharmaceuticals, the company behind the infamous Daraprim price hike by Martin Shkreli, filed Subchapter V bankruptcy in Delaware in May 2023. The confirmed plan created a dual-track liquidating trust structure with creditor recoveries contingent on an orphan drug Priority Review Voucher.Subchapter V