Subsequent Events

3 Months Ended

Dec. 26, 2014

Subsequent Events [Abstract]

Subsequent Events

20. Subsequent Events

In January 2015, Mallinckrodt Securitization amended the Receivable Securitization with third-party lenders to increase the borrowing limit from $160.0 million to $250.0 million. The terms of the Receivable Securitization, and the determination of interest rates, were largely unchanged. The Receivable Securitization may be increased to $300.0 million upon approval of the third-party lenders, subject to certain conditions. In conjunction with this amendment the Company borrowed an additional $80.0 million to increase the outstanding borrowings to $230.0 million.

In January 2015, the Company's Board of Directors approved a share repurchase program of up to $300.0 million of ordinary shares.