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Actionable news in VRX: VALEANT PHARMACEUTICALS INTERNATIONAL,

Valeant Says It Could Breach Bond Pact in May If 10-Q Is Delayed

Valeant Pharmaceuticals International Inc. dodged a potential default by filing its 2015 annual report Friday. Now it faces another in two weeks.

The company has until May 16 to submit its first-quarter financial results or risk breaching agreements with bondholders who own $19.5 billion of its debt, it said Friday in the regulatory filing. Valeant reiterated that there’s a risk it may be delayed in filing the results. The company’s bonds fell.

“Under the terms of our senior note indentures, if we do not file the first-quarter 2016 form 10-Q by May 16...


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