October 31, 2017 / 12:36 PM / a year ago

BUZZ-Valeant Pharmaceuticals: Rises on $5 bln debt repayment

** U.S.-listed shares of Canadian drugmaker up 2.5 pct at $11.69 premarket; set to snap three-day losing streak after saying it will cut debt by an additional $125 mln using cash on hand

** Co’s repayment of the $5 bln debt later this week exceeds its previously stated timing of Feb 2018

** Up to Monday’s close, stock down 21.4 pct this year (Reporting by Medha Singh; Editing by Bernard Orr)

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