Bausch Health paid off approximately $400 million of its debt in the quarter, after the company recently announced the repayment of an additional $76 million.
Here's what you should know:
1. Early in the fourth quarter of 2018, Bausch Health paid off $325 million.
2. Bausch generated the extra $76 million using cash from operations.
3. Bausch Health CEO Joseph Papa said, "As we continue to transform the company, we remain focused on addressing our debt, and due to continued strong cash flow from operations, we are able to further repay our debt by approximately $400 million in the fourth quarter."
4. As of January, Valeant still had $25.5 billion in debt.
https://www.prnewswire.com/news-releases/valeant-will-reduce-debt-by-an-additional-200-million-300588497.html