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T R O U B L E D C O M P A N Y R E P O R T E R
Saturday, December 9, 2017, Vol. 21, No. 342
Headlines
UNILIFE CORP: Has $939,839 Ending Cash Balance in September
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UNILIFE CORP: Has $939,839 Ending Cash Balance in September
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Unilife Corporation, et al., filed with the U.S. Securities and
Exchange Commission their monthly operating report for September
2017.
At September 30, 2017, the Debtors had $1.24 million in total
assets, $408.18 million in total liabilities, and -$406.94 million
in total shareholders equity.
At the beginning of the month, the Debtors had a beginning cash
balance of $975,077. They listed total receipts of $245,825 and
total disbursements of $281,062. The Debtors ended the month with
$939,839 cash.
A copy of the monthly operating report is available at the SEC at:
https://is.gd/knAaI4
About Unilife Corporation
Unilife Corporation -- http://www.unilife.com-- is a U.S.-based
developer and commercial supplier of injectable drug delivery
systems. Unilife has a portfolio of innovative, differentiated
products with a primary focus on wearable injectors. Products
within each platform are customizable to address specific customer,
drug and patient requirements.
Unilife Corporation filed a Chapter 11 bankruptcy petition (Bankr.
S.D.N.Y. Case No. 17-10805) on April 12, 2017. John Ryan, chief
executive officer, signed the petition.
The Debtor disclosed total assets of $82.98 million and total
liabilities of $201.0 million as of the bankruptcy filing.
The Hon. Laurie Selber Silverstein presides over the case.
Cozen O'Connor serves as counsel to the Debtor.
An official committee of unsecured creditors has been appointed in
the case. The panel retained Lowenstein Sandler LLP as counsel.
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Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par. Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable. Those sources may not,
however, be complete or accurate. The Monday Bond Pricing table
is compiled on the Friday prior to publication. Prices reported
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public debt and equity securities about which we report.
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Don't be fooled. Assets, for example, reported at historical cost
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than a balance sheet solvency test.
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liabilities delivered to nation's bankruptcy courts. The list
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then-ending.
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S U B S C R I P T I O N I N F O R M A T I O N
Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.
Copyright 2017. All rights reserved. ISSN: 1520-9474.
This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
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herein is obtained from sources believed to be reliable, but is
not guaranteed.
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are $25 each. For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.
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