Valeant's bond holders intend to call default

Tue Apr 12, 2016 5:07pm EDT
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April 12 (Reuters) - Valeant Pharmaceuticals International Inc said it received a notice of default from its bond holders as a result of its failure to file its annual report on time.

The Wall Street Journal reported earlier on Tuesday that Centerbridge Partners LP intends to call a default.

The move would start a 60-day period during which the embattled drugmaker would have to file its annual report or potentially be forced to repay the bonds early, the WSJ reported. (

(Reporting by Rosmi Shaji in Bengaluru)