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Valeant's bond holders intend to call default

Published 2016-04-12, 05:07 p/m
© Reuters.  Valeant's bond holders intend to call default
BHC
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April 12 (Reuters) - Valeant Pharmaceuticals (NYSE:VRX) International
Inc VRX.TO said it received a notice of default from its bond
holders as a result of its failure to file its annual report on
time.
The Wall Street Journal reported earlier on Tuesday that
Centerbridge Partners LP intends to call a default.
The move would start a 60-day period during which the
embattled drugmaker would have to file its annual report or
potentially be forced to repay the bonds early, the WSJ
reported. (http://on.wsj.com/1TPIVpH)


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