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.
据知情人士透露，Bausch Health计划自四年前分拆眼科子公司Bausch + Lomb，但遭遇了药品公司的一线股东，包括卡尔·伊坎和保尔逊＆Co.和首选债权人之间的僵局，后者支持通过破产申请来修复资产负债表。
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.
这些人表示，债权人已经私下表示支持通过破产申请来分离宝贵的子公司并重组超过220亿美元的债务。但Bausch认为有可能通过其他方式向股东完成Bausch + Lomb的分拆，而不需要进行第11章节的破产申请，一位熟悉该公司思想的人说。