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Valeant files annual report, says in compliance with covenants

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Beleaguered Canadian drugmaker Valeant Pharmaceuticals International Inc filed its annual report on Friday, which will help it stave of a default on its US$30 billion debt.

[BENGALURU] Beleaguered Canadian drugmaker Valeant Pharmaceuticals International Inc filed its annual report on Friday, which will help it stave of a default on its US$30 billion debt.

The company said it was in compliance with its credit agreement and senior note indentures.

Valeant said no additional restatements were required beyond those previously disclosed.

REUTERS