LifeScan Reaches Milestone Transaction to Improve Financial Flexibility and Enable Future-Focused Investments

MALVERN, Pa.–(BUSINESS WIRE)–LifeScan, Inc. (“LifeScan” or the “Company”), a world leader in blood glucose monitoring, today announced that it has entered into a Restructuring Support Agreement (“RSA”) with its first- and second-lien lenders and current equity sponsor, Platinum Equity, that will transform its balance sheet and position the Company for a stronger and more profitable future. As contemplated in the RSA, LifeScan expects to reduce more than 75% of its debt, which will enable the

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