New Filing - Lensar Inc.

Lensar Inc.

  • 12/16/16 Recap: Florida-based medical technology company that manufacturers lasers deployed in cataract surgeries filed for bankruptcy to effectuate a debt-for-equity swap with its senior lender (and DIP lender), PDL BioPharma Inc., a publicly-traded company that manages a portfolio of biotech, pharma and med-device products. A main objective of the case will be to protect approximately $125mm of NOLs. 
  • Jurisdiction: D. of Delaware
  • Capital Structure: ~$60mm debt     
  • Company Professionals:
    • Legal: Ballard Spahr LLP (Matthew Summers, Vincent Marriott, Paul Harner)
    • Claims Agent: Epiq Bankruptcy Solutions LLC (*click on company name above for docket)
  • Other Parties in Interest:
    • DIP Lender: PDL BioPharma Inc.
      • Legal: Gibson Dunn & Crutcher LLP (Jeffrey Krause, Genevieve Weiner, Sam Newman)

Updated 1/20/17