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Tuesday, March 3, 2020

Bausch Health backs away from planned debt offering

Citing market conditions, Bausch Health Companies (NYSE:BHC) has decided not to move forward with refinancinging its existing credit agreement. Subsidiary Bausch Health Americas will not issue $3.25B of secured debt securities.
The company will also rescind its redemption notice for $3.25B of its outstanding 6.500% Senior Secured Notes due 2022 and 7.000% Senior Secured Notes due 2024.
https://seekingalpha.com/news/3547895-bausch-health-backs-away-from-planned-debt-offering

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