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11 days ago
BRIEF-Valeant pays down $811 million of senior secured term loans
July 10, 2017 / 11:25 AM / 11 days ago

BRIEF-Valeant pays down $811 million of senior secured term loans

1 Min Read

July 10 (Reuters) - Valeant:

* Valeant pays down $811 million of senior secured term loans

* Valeant says debt reduction totals more than $4.3 billion since end of first-quarter 2016

* Valeant says continues to reiterate its expectation to pay down $5 billion in debt from divestiture proceeds & free cash flow within 18 months of August 2016

* Valeant - ‍following closure of sale of Dendreon Pharmaceuticals LLC, used net proceeds of sale to pay down $811 million of its senior secured term loans​

* Says ‍with the transaction, all mandatory amortization has been paid through 2019​ Source text for Eikon: Further company coverage:

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