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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
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debt
Category:Biotechnology and Pharmaceuticals
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