Bausch Health to reduce debt by $100 million using cash from operations
Published
Apr 07 2021 at 11:35 AM GMT
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- 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.
- The company had $23.9 billion in long-term debt at end-December, according to.
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- Published Apr 7, 2021 11:35 AM GMT