Drugmaker valeant pharmaceuticals did not suffer any changes to its refinancing in the wake of billionaire William Ackman and his hedge fund Pershing Square selling their stake in the company. Valeant has extended the maturity date on three loans to 2022 in order to match the maturity date of its term loan F. The company is also paying down revolving credit debt and its term loan A debt as part of the refinancing effort, which includes a US$3.25bn sale of secured notes.
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