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Bausch Health in Focus:

Exploring LME, Corporate Separation, and Credit Implications

Register Now:

Event Details:

Wednesday, June 12th
Live Webinar

Event Details:

9:30 a.m. EDT / 2:30 p.m. BST / 3:30 p.m. CEST
Healthcare, Special Situations

The market is widely speculating about the possibility of liability management exercises in the Bausch Health credit and implications for the Bausch + Lomb separation. LevFin Insights recently reported that Bausch Health creditor groups have signed a cooperation agreement in order to streamline negotiations with the company.

Experts from CreditSights, Covenant Review, and LevFin Insights are hosting a live webinar to help you navigate this complex, evolving situation. Join our team to discuss:

  • Bausch Health’s financing prospects,
  • Our performance outlook for the company,
  • The litigation timeline,
  • Restructuring scenarios,
  • Valuation,
  • And more.

This webinar will be an invaluable resource for investors, analysts, and advisors. Sign up today.

If you have any questions, please contact our team at


Eric Axon, CFA

Head of High Yield, Head of Healthcare

Eric joined CreditSights in 2011. He is co-head of the US High Yield team where he helps drive the research effort on a number of fronts. Eric’s sector expertise is in Healthcare, where he covers pharmaceutical companies across the spectrum, including IG and performing HY, as well as a number of stressed/distressed specialty drugmakers. Eric also covers the for-profit HY hospital operators. Previously, Eric worked on the Financial Services team where he covered the US Insurance sector. Prior to joining CreditSights, he worked as an underwriter for Safety Insurance Company in Boston, MA. Eric graduated from Middlebury College with a Bachelor of Arts in History in 2005. He received a Master of Business Administration from Northeastern University in 2011 and is a CFA charterholder.

Anthony P. Canale, J.D.

Global Head of Research
Covenant Review

Anthony P. Canale, J.D. is Covenant Review’s Global Head of Research. He graduated from Columbia University cum laude in 1994 and from the University of Texas at Austin Law School with honors in 1997. He began his career as corporate finance attorney with Latham & Watkins and represented both issuers and underwriters in high yield debt offerings. Following that, he joined Vinson & Elkins where he represented private equity firms in negotiating LBOs and related financing. Subsequently, he became an in-house attorney, serving as Senior Counsel for broadband provider Wayport, Inc. and following that, he served as General Counsel for the publicly traded company Debt Resolve. He joined Covenant Review in 2007. He served as Head of High Yield Research from 2012 through 2018, and was named Global Head of Research in May of 2017. As Global Head of Research, he oversees all of Covenant Review’s various research product offerings. In addition, he has written research on hundreds of high yield issuers, including extensive research on some of the most widely-followed names such as Windstream, Neiman Marcus, iHeartCommunications, Caesars, Bausch Health, and Claire’s Stores. He has been quoted and/or published in publications such as Barron’s, Bloomberg, the New York Post, and The Wall Street Journal. He regularly lectures on covenant issues to investment professionals and other attorneys.

Justin D. Forlenza, J.D

Senior Covenant Analyst
Covenant Review

Justin Forlenza graduated from Cornell University in 2003 and from Fordham Law School magna cum laude in 2007. Justin has practiced law at Weil, Gotshal & Manges LLP and most recently at Cravath, Swaine & Moore LLP. Justin has extensive experience with leveraged finance transactions, including the negotiation and execution of credit agreements and bond indentures, issues relating to secured transactions under Articles 8 and 9 of the UCC, LBO financings, and the analysis of complex stressed and distressed capital structures. Justin was with Covenant Review from 2012 until 2018 and rejoined Covenant Review in August of 2019.


Skylar Chen

Senior Reporter
LevFin Insights

Skylar Chen joined LevFin Insights in 2021. She has been focused on covering North American HY, distressed debt, and liability management exercises. Prior to LFI, she worked at Reorg Research as reporter covering crossborder restructuring in China.