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LifeScan Files for Chapter 11 to Slash Debt and Drive Future Growth

Summary by MyChesCo
MALVERN, PA — LifeScan, Inc. has filed for Chapter 11 bankruptcy protection as part of a strategic effort to restructure its balance sheet and strengthen its long-term financial health. The move comes after the company entered into a Restructuring Support Agreement (RSA) with its first- and second-lien lenders and equity sponsor, Platinum Equity. The agreement aims to reduce more than 75% of LifeScan’s outstanding debt, providing the company wit…
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MyChesCoMyChesCo

LifeScan Files for Chapter 11 to Slash Debt and Drive Future Growth

MALVERN, PA — LifeScan, Inc. has filed for Chapter 11 bankruptcy protection as part of a strategic effort to restructure its balance sheet and strengthen its long-term financial health. The move comes after the company entered into a Restructuring Support Agreement (RSA) with its first- and second-lien lenders and equity sponsor, Platinum Equity. The agreement aims to reduce more than 75% of LifeScan’s outstanding debt, providing the company wit…

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MyChesCo broke the news in on Monday, July 21, 2025.
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