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DUBLIN, March 10, 2021 /PRNewswire/ Mallinckrodt plc (OTCMKTS: MNKKQ) ( Mallinckrodt or the Company ) today announced that it has reached agreement with an ad hoc group of first lien term lenders holding approximately $1.3 billion of its outstanding First Lien Term Loans (the First Lien Term Loan Lenders ) to support the Company s previously announced restructuring support agreement ( RSA ). The agreement, which is based on providing new term loans financing to replace the First Lien Term Loans, resolves the open dispute between the Company and the First Lien Term Loan Lenders as to how such Lenders are to be treated under the restructuring plan and serves to extend near-term debt maturities.