Endo Creditors Offer U.S. Government $465 Million to Push Sale Forward

A group of lenders at Endo International made a new proposal that would pay up to $465 million to the U.S. government agencies that objected to the bankrupt pharmaceutical company’s restructuring plan to hand control to the creditors. 

Endo’s first-lien debtholders said the government agencies would receive $365 million over 10 years, according to a filing on Monday. The unpaid amount will be paid out ahead of other debts in case the restructured company files for bankruptcy again.