Reported Earlier, 'Bausch Plan To Spin Off Eye-Care Business Stuck In Creditor Standoff; Plan For Bausch + Lomb Spinoff Is Pitting Shareholders Icahn And Paulson Against Creditors Including Elliott And Apollo' - WSJ
Reported Earlier, 'Bausch Plan To Spin Off Eye-Care Business Stuck In Creditor Standoff; Plan For Bausch + Lomb Spinoff Is Pitting Shareholders Icahn And Paulson Against Creditors Including Elliott And Apollo' - WSJ
Bausch Health's four-year-old plan to spin off eye-care subsidiary Bausch + Lomb is caught in a standoff between the pharmaceutical company's top shareholders including Carl Icahn and Paulson & Co. and debtholders favoring a bankruptcy filing to fix its balance sheet, according to people familiar with the situation.
據知情人士透露，Bausch Health計劃自四年前分拆眼科子公司Bausch + Lomb，但遭遇了藥品公司的一線股東，包括卡爾·伊坎和保爾遜＆Co.和首選債權人之間的僵局，後者支持通過破產申請來修復資產負債表。
Creditors have privately supported a bankruptcy filing as a path to separate the valuable subsidiary and restructure more than $22 billion in debt, the people said. Bausch, however, believes there are avenues to complete a spinoff of Bausch + Lomb to shareholders without a chapter 11 filing, a person familiar with the company's thinking said.
這些人表示，債權人已經私下表示支持通過破產申請來分離寶貴的子公司並重組超過220億美元的債務。但Bausch認爲有可能通過其他方式向股東完成Bausch + Lomb的分拆，而不需要進行第11章節的破產申請，一位熟悉該公司思想的人說。
