Here’s what you should know:
1. Bausch Health, formerly known as Valeant, paid down $57 million of its senior secured term loans and $50 million of its revolver borrowings using cash.
2. Bausch eliminated all mandatory amortization for the remainder of 2018 as a result of the payments.
3. Bausch has paid down $240 million in debt this year.
4. Bausch Health Chairman and CEO Joseph Papa said, “We are able to further reduce our debt and eliminate all remaining mandatory amortization for 2018 due to ongoing strong cash flow from operations. We continue to remain committed to reducing our debt while also investing in the company’s core businesses that drive future growth.”
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