Bausch Health launches offering of $1.25 billion in senior notes that mature in 2029

Bausch Health Cos. Inc.
BHC,
+5.92%
,
the company formerly known as Valeant, said Monday it has launched an offering of $1.25 billion of new senior notes that mature in 2029. Proceeds will be used to fund the redemption of existing 6.50% senior secured notes that mature in 2022 and to pay related fees. Shares were down 1.4% premarket and have fallen 44% in the year to date, while the S&P 500
SPX,
+1.68%

has fallen 9%.

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