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