Latest News Bausch Health Announces Plans to Reduce Debt By $275 Million By Staff Monday, January 4, 2021 12:21 AM LAVAL, Quebec, Canada—Bausch Health announced last week that it will pay down an additional $275 million of its senior secured term loans using cash on hand and cash generated from operations. Following this repayment, Bausch Health will have no debt maturities or mandatory amortization payments until 2024. Bausch Health's total debt repayment in the fourth quarter of 2020 will be approximately $480 million. For the full year of 2020, the company will repay a total of approximately $900 million of debt from cash on hand and cash generated from operations, according to its announcement.Joseph C. Papa, chairman and CEO of Bausch Health said, “Our businesses around the world continue to recover from the impacts of the COVID-19 pandemic, and that contributed to strong cash flow in the fourth quarter. With the repayment we are announcing today, Bausch Health's total debt repayments for the full year of 2020 will be approximately $900 million. Our commercial teams showed remarkable resiliency through these challenging times, reducing expenses and conserving cash, but still finding ways to drive Bausch Health's recovery. Those efforts enabled us to continue to make progress reducing our debt in 2020."