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Valeant Gets Lender Deal to Waive Default, Loosen Debt Terms

2016-04-08 01:47:42| Biotech - Topix.net

Valeant Pharmaceuticals International Inc. won the support of its lenders to waive a default and ease some restrictions on its loan pact as the drugmaker seeks to rein in its $32 billion debt load. The company expects to close the amendment and waiver next week, according to a statement on Thursday.

Tags: terms deal default debt

Category:Biotechnology and Pharmaceuticals

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