Sientra Seeks Restructuring Through Chapter 11 Filing
Company Announcements

Sientra Seeks Restructuring Through Chapter 11 Filing

Sientra (SIEN) has released an update.

Sientra, Inc. and its subsidiaries have voluntarily filed for Chapter 11 bankruptcy, aiming to restructure their debts while continuing to operate as “debtors in possession.” They’ve sought court approval for customary relief measures to maintain business operations, including employee wages and vendor payments. Additionally, Sientra has proposed a debtor-in-possession financing arrangement with lenders, seeking a credit facility of $90 million to support working capital, cover bankruptcy-related expenses, and potentially facilitate the sale of company assets. Trading in Sientra’s securities is now considered highly speculative, with a warning that equity holders could face significant losses.

For further insights into SIEN stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyOne new option listing and one option delisting on February 23rd
TipRanks Auto-Generated NewsdeskSientra’s Nasdaq Delisting and Chapter 11 Bankruptcy Filing
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App