Bausch Health announced it has paid down an additional $57M of its senior secured term loans and $50M of its revolver borrowings, using cash on hand. As a result, the company has eliminated all mandatory amortization for the remainder of 2018. In addition, Bausch Health paid down $132M of debt earlier in the third quarter of 2018, which was disclosed when the company reported its second-quarter 2018 financial results last month. Together, these transactions bring the company’s total debt repayment in the quarter to nearly $240M.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.