Deal Tracker

Bausch Health

September 2022 · Canada – USD SSNs · Exchange · Litigation

Its creditors formed a 'mega-co-op' across the capital structure with an 18-month initial term, which produced a long stalemate. Canadian borrower, US notes.

Discussed in Liability Management Exercises: Law and Practice at ¶¶ 2.91, 8.11, 8.21.