|
The
company said earlier in the month that a delay in filing its
annual report would put it at risk of a default on its $30
billion in debt.
Valeant on Wednesday said it was seeking to extend the deadline
for filing its annual report to May 31.
"The company is comfortable with its current liquidity position
and cash flow generation for the rest of the year, and remains
well positioned to meet its obligations," Valeant said.
The proposed waiver must be approved by lenders holding more
than 50 percent of the company's loans in principal amount,
Valeant said.
(Reporting by Ankur Banerjee in Bengaluru; Editing by Ted Kerr)
[© 2016 Thomson Reuters. All rights
reserved.] Copyright 2016 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
