Bausch Health to pay down about $100 million in term loans

By Rebecca Melvin

New York, March 13 – Bausch Health Cos. Inc. announced it will reduce debt by about $100 million through the prepayment of senior secured term loans, according to a company news release.

The company will use cash flow from operations to pay down the debt.

Bausch Health put in notice to make the prepayment during the March 16 week. After this prepayment, the company will have no further mandatory amortization payments until 2022.

The Laval, Quebec-based company makes pharmaceuticals, medical devices and over-the-counter products, primarily for eye health, gastroenterology and dermatology.

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