Laval, Canada-based Valeant's move to sell $2.1 billion in assets in January 2017 positively impacted its debt pathway, SeekingAlpha reports.
Here's what you should know.
1. By selling those assets, Valeant saved interest on its debt repayment.
2. Valeant can cover its August 2018 bond when it matures.
3. When SeekingAlpha first reported on Valeant's debt pathway, it seemed the bond would roll over with an additional 10 percent interest. Valeant will instead only pay the bond at 6.75 percent interest.
4. SeekingAlpha expects Valeant's cash flow to increase.
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