Tue. 13 Feb 2024, 8:37am ET
Benzinga
News, Asset Sales
Sientra will utilize existing cash reserves and $22.5 million in new money debtor-in-possession financing from existing lenders to facilitate the sale and support ongoing Company operations. The debtor-in-possession financing will also include a "roll up" of $67.5 million of Sientra's prepetition debt obligations. The Company will continue to operate its business during this process.