Teligent Files for Bankruptcy, to Pursue Asset Sale
Teligent Files for Bankruptcy, to Pursue Asset Sale
By Dave Sebastian
戴夫·塞巴斯蒂安(Dave Sebastian)
Teligent Inc. said it has filed for bankruptcy and will sell its entire business or its core assets by early 2022.
泰利根公司説，它已經申請破產，並將在2022年初之前出售其全部業務或核心資產。
The Buena, N.J., pharmaceutical company on Thursday said it filed for chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware. The company's Canadian affiliate, Teligent Canada, will pursue an out-of-court sale process, Teligent said.
這家位於新澤西州布埃納的製藥公司週四表示，它向特拉華州地區美國破產法院申請了破產法第11章的保護。泰利金特説，該公司在加拿大的子公司泰利格特加拿大公司將尋求庭外出售程序。
Teligent said it started a marketing process before the chapter 11 filing to gauge market interest and is in ongoing discussions with several interested parties.
泰利根表示，它在根據破產法第11章申請破產保護之前開始了營銷過程，以衡量市場興趣，並正在與幾個感興趣的各方進行談判。
"While this is not the outcome we envisioned, we are confident that Teligent's business includes a strong portfolio of specialty generic prescription assets and believe a sale is the best opportunity to maximize value," Chairman John Celentano said.
董事長約翰·塞倫塔諾説：“雖然這不是我們預想的結果，但我們相信，泰利金特的業務包括強大的特種非專利處方藥資產組合，並相信出售是實現價值最大化的最佳機會。”
The company said Chief Executive Tim Sawyer and legal chief Philip Yachmetz have resigned, effective Oct. 8.
該公司表示，首席執行長索耶(Tim Sawyer)和法務首席執行長雅克梅茨(Philip Yachmetz)已辭職，從10月8日起生效。
Nasdaq informed Teligent that its stock failed to meet the minimum required closing bid price for continued listing, the company said in April. Teligent said its shares are set to be delisted at the opening of business on Oct. 18, as it didn't regain compliance by the Oct. 6 deadline and doesn't intend to appeal for additional time or a hearing.
納斯達克(Nasdaq)在4月份表示，該公司通知泰利根，其股票未能達到繼續上市所需的最低收盤價。泰利根説，其股票將在10月18日開盤時退市，因為該公司未能在10月6日的最後期限前恢復合規，也不打算上訴要求更多時間或舉行聽證會。
The company said it is arranging $12 million in debtor-in-possession financing from senior secured lenders to fund its operations during the chapter 11 process.
該公司表示，正在從高級擔保貸款人那裏安排1200萬美元的債務人佔有融資，為其在破產法第11章過程中的運營提供資金。
Teligent said it has named Vladimir Kasparov, managing director at interim management firm Portage Point Partners LLC, as its restructuring chief. It also added Bradley Scher, the founder and managing member of Ocean Ridge Capital Advisors LLC, to its board to enhance its restructuring expertise.
泰利金特表示，已任命臨時管理公司Porage Point Partners LLC董事總經理弗拉基米爾·卡斯帕羅夫(Vladimir Kasparov)為重組主管。該公司還將Ocean Ridge Capital Advisors LLC的創始人兼管理成員布拉德利·舍爾(Bradley Scher)加入董事會，以增強其重組專業知識。
The company said it has filed "first-day" motions with the bankruptcy court, requesting relief that will let it transition to chapter 11 without disruption to its regular operations. It said it expects the motions to be approved within the first few days of the case.
該公司表示，它已向破產法院提交了“第一天”動議，請求救濟，使其能夠在不中斷正常運營的情況下過渡到破產法第11章。該公司表示，預計這些動議將在案件的頭幾天內獲得批准。
Teligent said Young Conaway Stargatt & Taylor LLP and K&L Gates LLP are representing the company as legal advisers in the matter. Raymond James & Associates Inc. is its investment banker, and Portage Point Partners is the company's financial adviser and provider of interim management services.
泰利金特表示，Young Conaway Stargatt&Taylor LLP和K&L Gates LLP將代表該公司擔任此事的法律顧問。雷蒙德·詹姆斯聯合公司(Raymond James&Associates Inc.)是該公司的投資銀行家，Porage Point Partners是該公司的財務顧問和臨時管理服務提供商。
Write to Dave Sebastian at dave.sebastian@wsj.com
寫信給戴夫·塞巴斯蒂安(Dave Sebastian)，電子郵件：dave.sebastian@wsj.com
譯文內容由第三人軟體翻譯。