Legal News

KV Pharmaceutical Emerges from Chapter 11
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)

KV Pharmaceutical Company is an American drug company that brings generic and non-branded pharmaceutical products to the market. Their research and manufacture is headquartered in St. Louis. The company has more than 50 years of experience bringing drugs to market. Today the drug maker emerged from chapter 11 with reduced debt and a $375 million recapitalization.

Major players in the recapitalization have been Capital Ventures International, an arm of Susquehanna International as represented by Lowenstein Sandler,  Deutsche Bank, as represented by White & Case, Greywolf Capital, represented by Dechert, and Kingdon Capital as represented by Sidley Austin.


The investors have “provided the majority of funding of the company’s new $100 million credit facility.” With almost $300 million dollars in rights and with a “direct purchase” of new common shares, the turnaround has happened and KV’s has been given a new lease. The existing senior secured notes will be paid in cash, according to RTT news. General unsecured creditors and holders of otherwise unsecured debt will receive a “pro rata share of $10.25 million.”  The holders of convertible subordinated notes will receive about 7 percent of KV’s new issuance of common shares. All older and previously existing preferred and common stock has been cancelled. The new deal as it stands helps to transition the pharmaceutical company to a healthy balance sheet. KV pharmaceuticals will have the momentum to satisfy investors with strong performance quarter after quarter.





We are seeking an experienced personal injury Paralegal to become a part of our team! You will ...

Apply now

Employment Advocate


Legal Authority is at the forefront of the job placement industry. We are looking for an experi...

Apply now

Paralegal / Legal Assistant


Salary $12 - $15 an hour Job Type Full-time Qualifications Criminal bac...

Apply now

Litigation Legal Secretary


Full Job Description Downtown law firm has an opening for a litigation legal secretary with a min...

Apply now




Search Now

Real Estate Closings and Matrimonial Law Associate Attorney

USA-NY-Garden City

Garden City office of our client seeks associate attorney with 5+ years of experience in real estate...

Apply Now

Family Law Attorney

USA-AR-North Little Rock

North Little Rock office of our client seeks lawyer with family law experience.

Apply Now

Litigation Associate Attorney


Seattle office of a BCG Attorney Search Top Ranked Law Firm seeks litigation associate attorney with...

Apply Now


To Top