Bausch Health To Reduce Debt By $100 Million Using Cash Generated From Operations
LAVAL, Quebec, May 27, 2021 — Bausch Health Companies Inc. (NYSE/TSX: BHC) (“Bausch Health” or the “Company”) today announced it will reduce debt by $100 million through the redemption of outstanding senior notes, using cash generated from operations.
Bausch Health will redeem $100 million aggregate principal amount of its outstanding 6.125% Senior Notes due 2025, CUSIP Nos. 91831A AC5, C96729 AC9 (the “Notes”) on June 30, 2021. With the redemption announced today, the Company will have redeemed a total of $500 million aggregate principal amount of debt in 2021 using cash generated from operations.
The Company will issue today an irrevocable notice of redemption for the Notes, and a copy will be issued to the record holders of such Notes. Nothing contained herein shall constitute a notice of redemption of the Notes. Payment of the redemption price and surrender of the Notes for redemption will be made through the facilities of the Depository Trust Company in accordance with the applicable procedures of the Depository Trust Company. The name and address of the paying agent are as follows: The Bank of New York Mellon; 111 Sanders Creek Parkway, East Syracuse, N.Y. 13057; Attn: Redemption Unit; Tel: 800-254-2826.