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BRIEF-Valeant Pharmaceuticals gets notice of default from bondholders

Published 2016-05-19, 06:05 p/m
© Reuters.  BRIEF-Valeant Pharmaceuticals gets notice of default from bondholders
BHC
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May 20 (Reuters) - Valeant Pharmaceuticals International Inc (NYSE:VRX)
* Valeant pharmaceuticals receives notice of default from
bondholders
* Says Company Has Until July 18, 2016 To Cure Default By
Filing Form 10 VRX.TO
* Notice of default does not result in acceleration of any
of Valeant's indebtedness
* Continues to expect to file form 10-Q on or before June
10, 2016
* Expects to file form 10-Q with Securities And Exchange
Commission and Canadian securities regulators on or before June
10, 2016
* Under senior note indenture, co has 60 days from receipt
of notice to file form 10-q, which will cure default in all
respects

Source text for Eikon: ID:nPn7GJ4Xfa
Further company coverage: VRX.TO

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