BUZZ-Valeant Pharmaceuticals Inc: Up after lenders agree to loan amendment

Thu Aug 18, 2016 9:36am EDT
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** Canadian drugmaker's U.S.-listed shares up 2.5 pct at $30.80 in early trading

** Says its lenders had approved an amendment to its credit facility, giving it more flexibility to sell assets and repay loans by taking on other debt

** Valeant, whose long-term debt stood at about $31 billion as of June 30, has been working to restore investor trust after a year of bad news

** Up to Wednesday's close, stock had fallen 70 pct YTD