BRIEF-Valeant receives notice of default from bondholders

Thu May 19, 2016 6:15pm EDT
 
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May 19 (Reuters) - Valeant Pharmaceuticals International Inc

* Valeant Pharmaceuticals receives notice of default from bondholders

* Says company has until July 18, 2016 to cure default by filing form 10 Q

* Notice of default does not result in acceleration of any of Valeant's indebtedness

* Continues to expect to file form 10-Q on or before June 10, 2016

* Expects to file form 10-Q with securities and exchange commission and Canadian securities regulators on or before June 10, 2016

* Under senior note indenture, co has 60 days from receipt of notice to file form 10-Q, which will cure default in all respects Source text for Eikon: Further company coverage: