Bausch Health Swaps Out Advisers After Years of Debt, Sale Talks

Executives at Bausch Health Cos Inc are shaking up the company’s team of advisers as part of the latest in a years-long effort to tackle some of its approximately $20 billion dollars of debt and enable a crucial asset sale.

Bausch, which has been working to sell its profitable eye-care business Bausch + Lomb and refinance debt, tapped bankers from Evercore Inc. to advise it on financial options, according to people with knowledge of the matter, and selected the law firm Proskauer Rose LLP to replace longtime counsel at White & Case LLP. Evercore would replace Bausch’s previous ...