ValueWalk - Breaking news and in-depth analysis on ...
At the end of the year, Valeant’s senior secured leverage ratio of 2.1 came in under the 2.5 debt covenant, and EBITDA interest coverage of 3.3 similarly surpassed the 3 times covenant requirement. However, the company’s delayed 10-K will remain a concern as management attempts to negotiate with lenders on a cross-default risk by missing ... ................
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