Bausch Health cancels redemption of 9% senior notes due 2025

By Wendy Van Sickle

Columbus, Ohio, May 10 – Bausch Health Cos. Inc. will not consummate its previously announced conditional redemption of its 9% senior notes due 2025, according to a news release, which stated that the conditions to the redemption will not be satisfied.

As announced on Jan. 18, the company had issued conditional notices of redemption for the 9% notes as well as its 6 1/8% senior notes due 2025.

The company later notified holders of its election to delay the redemption date for both series multiple times.

Funds were deposited to redeem the 6 1/8% notes at 101.021, and that note indenture has been discharged, but the 9% note redemption has been canceled, the company reported Tuesday.

Bausch Health is a Laval, Quebec-based health care company.

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