Exactech, Inc.
Case Number:
1:24-bk-12441
Court:
Nature of Suit:
Firms
Companies
Sectors & Industries:
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October 30, 2024
Implant Maker Exactech Can Tap $85M DIP After Cutting Fees
A Delaware bankruptcy judge on Wednesday cleared medical implant manufacturer Exactech Inc. to borrow a portion of $85 million in bankruptcy funding being provided by existing lenders, after the company agreed to trim fees it plans to pay lenders in response to concerns raised by the judge.
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October 29, 2024
Catching Up With New Bankruptcy Case Action
Several companies filed for bankruptcy this past week, grappling with litigation, unforeseen events such as the loss of a key investor, and continued financial challenges stemming from the COVID-19 pandemic and persistent macroeconomic pressures, including high inflation.
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October 29, 2024
PE-Owned Implant Maker Plagued By Lawsuits Hits Ch. 11
Joint implant maker Exactech Inc. on Tuesday filed for Chapter 11 protection in Delaware bankruptcy court with an offer from its lenders to take over the company, as a wave of lawsuits tied to product recalls weighs on the private equity-owned firm.