Bausch Health (BHC) To Reduce Debt By $100 Million Using Cash Generated From Operations

Go back to Bausch Health (BHC) To Reduce Debt By $100 Million Using Cash Generated From Operations

Bausch Health To Reduce Debt By $100 Million Using Cash Generated From Operations

April 7, 2021 7:00 AM EDT

LAVAL, Quebec, April 7, 2021 /PRNewswire/ -- Bausch Health Companies Inc. (NYSE/TSX: BHC) ("Bausch Health" or the "Company") today announced it will reduce debt by $100 million through the redemption of outstanding senior secured notes, using cash generated from operations.

Bausch Health will redeem $100 million aggregate principal amount of its outstanding 7.00% Senior Secured Notes due 2024, CUSIP Nos. 91911K AK8, C94143 AK7 (the "Notes") on May 7, 2021. The Company previously redeemed a total of $200M aggregate principal amount of the Notes in March 2021.

The Company will issue today an... More