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Valeant Secures Another Debt Amendment

Drugmaker Valeant, based in Laval, Quebec, reached a deal with its loan holders to again...

The new amendment will provide the Canadian drugmaker additional headroom by reducing its interest coverage maintenance covenant, give it more flexibility to sell assets, permit the issuance of secured notes with shorter maturities to repay term loans and allow the company to take on other debt to repay term loans.

“We are pleased to have the support of our lenders and appreciate their confidence...


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