Bausch Health Companies announced it put in notice to pay down an additional $76M of its senior secured term loans next week, using cash generated from operations. After this payment, the Company will have eliminated all mandatory amortization for the first quarter of 2019. In addition, as previously disclosed, Bausch Health redeemed or called for redemption $325M of debt earlier in the fourth quarter of 2018. Together, these transactions bring the Company’s total debt repayment in this quarter to approximately $400M.
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