Bausch Health Cos. Inc.
said Tuesday it is planning to pay down another $275 million of senior secured term loans, using cash on hand and cash generated from operations. The company has no pending maturities or mandatory amortization payments to make until 2024, it said in a statement. The company, the former Valeant, will make total debt repayments of about $480 million in the fourth quarter and will repay $900 million for the full year. Bausch had more than $24 billion of debt as of Sept. 20, according to FactSet data. Shares were not yet active premarket.