Debevoise Advised Lannett Company in Its $585 Million Comprehensive Refinancing

23 April 2021
Debevoise & Plimpton LLP advised Lannett Company, Inc. on its $585 million comprehensive refinancing, comprised of the issuance of $350 million aggregate principal amount of 7.75% senior secured notes due 2026, an extension and increase of its $45 million asset-based revolving credit facility and the incurrence of $190 million of second lien senior secured loans, together with the issuance of warrants to second lien lenders. For more information, please see the company’s press release.
Lannett develops, manufactures, packages, markets and distributes generic pharmaceutical products for a wide range of medical indications.
The Debevoise team was led by finance partner Scott Selinger and included finance partner Sunil Savkar, counsel Zahra Sowder and associates Wes Moore and Isabella Cusano, capital markets counsel Nicholas Pellicani and tax partner Gary Friedman and associate Ben Friedman.