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Sientra Pursues Sale Through Voluntary Chapter 11 Process

Author: Benzinga Newsdesk | February 13, 2024 09:37am

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.

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