Bausch Health to Cut Debt by About $900m Using Cash on Hand

Bausch Health to cut debt by about $900 million using cash on hand.

• Subsidiary Bausch Health Americas to redeem about $602 million of its outstanding 9.25% Senior Notes due 2026 using cash on hand
  • Redemption date Aug. 28
• Subsidiary Bausch Receivables Funding LP intends to repay all outstanding amounts in respect of the receivables financing facility thereunder
  • To terminate receivables facility and related agreements as of Oct. 27
  • As of July 28, aggregate principal amount outstanding under receivables facility was $300 million
• Measures “consistent with company’s focus on optimizing its capital structure”

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