Welcome to our dedicated page for Bausch Health Companies news (Ticker: BHC), a resource for investors and traders seeking the latest updates and insights on Bausch Health Companies stock.
Bausch Health Companies Inc. (NYSE: BHC, TSX: BHC) generates a wide range of news relevant to investors, health care professionals and industry observers. As a global, diversified pharmaceutical company with operations in gastroenterology, hepatology, neurology, dermatology, dentistry, aesthetics, international pharmaceuticals and eye health, its disclosures cover both business performance and strategic activity.
News updates commonly include financial results and segment performance, such as quarterly revenue trends across Salix, International, Solta Medical, Diversified Products and Bausch + Lomb. The company also releases information on capital structure actions, including exchange offers for senior secured notes and amendments to credit agreements at Bausch Health and Bausch + Lomb, which are detailed in press releases and Form 8-K filings.
Bausch Health’s news flow highlights business development and acquisitions, for example the acquisition of DURECT Corporation to expand its hepatology portfolio and the acquisition of Wuhan Shibo Zhenmei Technology Co., Ltd. to strengthen Solta Medical’s distribution in China. Product and geographic expansion updates, such as OraPharma’s commercial expansion into Canada and Puerto Rico and regulatory milestones for aesthetic devices, also feature prominently.
In addition, the company announces conference participation and investor events, including presentations at healthcare conferences where management provides strategic and business updates and may discuss guidance ranges. For those tracking BHC, this news page offers a centralized view of official announcements on operations, financing, governance and growth initiatives. Investors and followers of the pharmaceutical and medical aesthetics sectors can review these items to understand how Bausch Health is executing on its stated priorities and managing its diversified portfolio.
Bausch Health Companies Inc. (NYSE/TSX: BHC) will reduce its debt by $100 million through the redemption of outstanding senior notes, using cash generated from operations. The redemption, set for June 30, 2021, will involve 6.125% Senior Notes due 2025, totaling $500 million redeemed this year. The company aims to improve its financial stability and decrease interest expenses. Forward-looking statements in the release caution investors about risks, including potential impacts from the ongoing COVID-19 pandemic.
Bausch Health Companies Inc. (NYSE/TSX: BHC) announced participation in the Jefferies Healthcare Conference on June 2, 2021, at 11:00 a.m. ET. CEO Joseph C. Papa, senior VP Sam Eldessouky, and senior VP Arthur J. Shannon will represent the company. A live webcast and audio archive will be available on Bausch Health’s Investor Relations page. The company focuses on improving lives through its healthcare products across eye health, gastroenterology, and dermatology sectors.
Bausch Health Companies Inc. (NYSE/TSX: BHC) announced the pricing of its $1.6 billion offering of 4.875% senior secured notes due 2028. The proceeds will fund a Tender Offer to purchase outstanding 7.00% Senior Secured Notes due 2024 and related expenses. The notes are secured by company assets and guaranteed by its subsidiaries. The offering is subject to closing conditions and won't be registered under the Securities Act. This release highlights the company's strategy to manage debt and enhance liquidity.
Bausch Health Companies Inc. (BHC) announced a cash tender offer to purchase any outstanding 7.00% Senior Secured Notes due 2024. The total principal amount outstanding is $1.6 billion. The tender offer consideration is set at $989.25 per $1,000 principal amount, with an early tender premium of $30. The offer will expire on June 21, 2021, and holders must submit their tenders before the withdrawal deadline on June 7, 2021. If any notes remain outstanding post-offer, Bausch plans to redeem them on June 23, 2021. The offer is subject to the completion of a concurrent private offering of $1.6 billion in senior secured notes.
Bausch Health Companies Inc. (NYSE/TSX: BHC) announced a $1.6 billion offering of new senior secured notes due 2028. The funds will be used to repurchase existing 7.00% senior secured notes due 2024 and cover related expenses. The notes will be guaranteed by the company’s subsidiaries and secured by assets. The offering targets qualified institutional buyers in the U.S. and non-U.S. persons under Regulation S. Additionally, the company plans to issue a conditional notice of redemption for the remaining 2024 Notes following the tender offer. The completion of the transactions is anticipated in Q2 2021, subject to market conditions.
Bausch Health announced that its gastroenterology business, Salix Pharmaceuticals, will present new data for TRULANCE®, XIFAXAN®, and PLENVU® at the Digestive Disease Week® (DDW) 2021 from May 21-23. Notably, a poster on TRULANCE® has been honored as a Poster of Distinction, awarded to only 10% of the accepted posters. The event emphasizes Salix's commitment to providing healthcare professionals with significant data on their medications to support treatment decisions.
Bausch + Lomb announced the results from the National Eye Institute's 10-Year Follow-on Study of the Age-Related Eye Disease Study 2 (AREDS2), reinforcing the effectiveness of its vitamin formula against moderate to advanced Age-Related Macular Degeneration (AMD). The NEI continues to endorse the PreserVision® AREDS 2 Formula, which contains 80mg of zinc and beneficial amounts of lutein and zeaxanthin. The findings support the importance of this specific nutrient mix for AMD patients, showcasing Bausch + Lomb's commitment to eye health and validated by over 3,800 participants over a decade.
Bausch Health Companies (NYSE/TSX: BHC) announced participation in several investor conferences. Key executives, including CEO Joseph C. Papa, will present at the Bank of America Merrill Lynch Global Healthcare Conference on May 12, 2021, at 11:00 a.m. ET. Other conferences include the Goldman Sachs Leveraged Finance Conference on May 17, 2021, at 1:10 p.m. ET, and the Barclays High Yield Bond and Syndicated Loan Conference on May 25, 2021, at 12:45 p.m. ET. Live webcasts will be available on their Investor Relations page.
Bausch Health Companies reported first-quarter 2021 revenues of $2.027 billion, a 1% increase compared to the previous year, despite a $100 million negative impact from the COVID-19 pandemic. The GAAP net loss was $610 million, worsened by a $469 million goodwill impairment in Ortho Dermatologics. The company generated $443 million in cash from operations, a 70% increase year-over-year. Bausch Health reaffirmed its 2021 guidance, targeting $8.60 – $8.80 billion in revenue and $3.40 – $3.55 billion in adjusted EBITDA.
Bausch Health Companies Inc. (NYSE/TSX: BHC) announced a $100 million reduction in debt by redeeming senior secured notes using operational cash. This redemption of $100 million of 7.00% Senior Secured Notes due 2024 will occur on June 2, 2021. In total, the company has redeemed $400 million of these Notes in 2021, following redemptions of $200 million in March and $100 million on May 7. This move reflects Bausch Health's commitment to strengthening its financial position amidst ongoing market challenges.