Bausch Health to reduce debt by $100 million using cash from operations

Published Apr 07 2021 at 11:35 AM GMT
Key
Points
  • Bausch Health Companies Inc said Wednesday it will reduce debt by another $100 million using cash from operations to redeem its outstanding 7 00% senior secured notes due in 2024.
  • The company, the former Valeant, already redeemed $200 million aggregate principal amount of the bonds in March.
  • Bausch has been working for years to reduce a high debt load that was taken on by the former Valeant during a yearslong acquisition spree.
  • 9 billion in long-term debt at end-December, according to.




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  • Published Apr 7, 2021 11:35 AM GMT