Bausch Health cancels refinancing transaction, conditional notice redemption

Citing market conditions, Bausch Health made a series of moves to keep its debt at current levels.

The company will no longer refinance its existing credit agreement, stopping Bausch Health Americas from issuing $3.25 billion in secured debt securities and rescinding its offers to redeem $3.25 billion in aggregate principal of the company's senior secured notes due in 2022 and 2024.

In a statement made March 2, the company said it "will continue to monitor market conditions and consider opportunistic refinancing transactions from time to time."

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