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Bausch Health Clarifies Release Provisions Related to its Exchange Offers and Consent Solicitations
Bausch Health Clarifies Release Provisions Related to its Exchange Offers and Consent Sol...
About this update from Bausch Health Companies Inc.
[{"type":"text","content":"\n \n \n \n Bausch Health Clarifies Release Provisions Related to its Exchange Offers and Consent Solicitations\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n LAVAL, Quebec\n \n \n ,\n \n \n Sept. 8, 2022\n \n \n /CNW/ -- Bausch Health Companies Inc. (NYSE/TSX: BHC) (the \"Company\") clarified today certain provisions related to its previously announced offers (the \"Exchange Offers\") to exchange the existing senior notes (the \"Existing Senior Notes\") for new secured notes (the \"New Secured Notes\") and related solicitation of consent (the \"Consent Solicitation\") pursuant to the terms described in an Exchange Offer Memorandum and Consent Solicitation Statement, dated Aug. 30, 2022 (the \"Exchange Offer Memorandum\").\n \n \n In response to certain concerns raised by holders of Existing Senior Notes, the Company hereby confirms the following with respect to the customary release and waiver provisions set forth in clauses (ii) and (iii) in the section \"Terms of the Offers and Consent Solicitations—Procedures for Tendering Existing Senior Notes and Delivering Consents—Representations, Warranties and Undertakings\" in the Exchange Offer Memorandum:\n \n \n \n Upon an Eligible Holder (as defined in the Exchange Offer Memorandum) tendering its Existing Senior Notes in the Exchange Offers, such Eligible Holder (a) waives any and all other rights only with respect to the Existing Senior Notes actually exchanged in the Exchange Offers and (b) releases and discharges Bausch Health and its affiliates from any and all claims such holder may have now, or may have in the future, arising out of, or related to, such Existing Senior N...