Filing Details

 

 

Securities and Exchange Commission

Washington, D.C. 20549

 

 

Schedule 13G

(Rule 13d-102)

Information to be Included in Statements Filed Pursuant

to § 240.13d-1(b), (c) and (d) and Amendments Thereto Filed

Pursuant to § 240.13d-2

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No.     )*

 

 

Bausch Health Companies Inc.

(Name of Issuer)

Common Shares

(Title of Class of Securities)

071734107

(CUSIP Number)

November 3, 2022

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

 

*	The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

CUSIP No. 071734107		Schedule 13G		Page 1 of 9

 

1		Names of Reporting Persons     GoldenTree Asset Management LP
2		Check the Appropriate Box if a Member of a Group     (a)  ☐        (b)  ☐
3		SEC Use Only
4		Citizenship or Place of Organization     Delaware
Number of Shares  Beneficially  Owned by Each Reporting Person With				5		Sole Voting Power     0
				6		Shared Voting Power     19,421,054
				7		Sole Dispositive Power     0
				8		Shared Dispositive Power     19,421,054
9		Aggregate Amount Beneficially Owned by Each Reporting Person     19,421,054
10		Check if the Aggregate Amount in Row (9) Excludes Certain Shares     Not Applicable
11		Percent of Class Represented by Amount in Row 9     5.4%
12		Type of Reporting Person     PN

CUSIP No. 071734107		Schedule 13G		Page 2 of 9

 

1		Names of Reporting Persons     GoldenTree Asset Management LLC
2		Check the Appropriate Box if a Member of a Group     (a)  ☐        (b)  ☐
3		SEC Use Only
4		Citizenship or Place of Organization     Delaware
Number of Shares  Beneficially  Owned by Each Reporting Person With				5		Sole Voting Power     0
				6		Shared Voting Power     19,421,054
				7		Sole Dispositive Power     0
				8		Shared Dispositive Power     19,421,054
9		Aggregate Amount Beneficially Owned by Each Reporting Person     19,421,054
10		Check if the Aggregate Amount in Row (9) Excludes Certain Shares     Not Applicable
11		Percent of Class Represented by Amount in Row 9     5.4%
12		Type of Reporting Person     OO (Limited Liability company)

CUSIP No. 071734107		Schedule 13G		Page 3 of 9

 

1		Names of Reporting Persons     Steven A. Tananbaum
2		Check the Appropriate Box if a Member of a Group     (a)  ☐        (b)  ☐
3		SEC Use Only
4		Citizenship or Place of Organization     United States
Number of Shares  Beneficially  Owned by Each Reporting Person With				5		Sole Voting Power     332,000
				6		Shared Voting Power     19,421,054
				7		Sole Dispositive Power     332,000
				8		Shared Dispositive Power     19,421,054
9		Aggregate Amount Beneficially Owned by Each Reporting Person     19,753,054
10		Check if the Aggregate Amount in Row (9) Excludes Certain Shares     Not Applicable
11		Percent of Class Represented by Amount in Row 9     5.5%
12		Type of Reporting Person     IN

CUSIP No. 071734107		Schedule 13G		Page 4 of 9

 

ITEM 1.

(a)      Name of Issuer:

Bausch Health Companies Inc. (the Issuer).

 

(b)

Address of Issuers Principal Executive Offices:

2150 St. Elzéar Blvd. West, Laval, Québec, Canada H7L 4A8.

 

ITEM 2.

(a)      Name of Person Filing:

Each of the following is hereinafter individually referred to as a Reporting Person and collectively as the Reporting Persons. This statement is filed on behalf of:

GoldenTree Asset Management LP (the Investment Manager)

GoldenTree Asset Management LLC (IMGP)

Steven A. Tananbaum

 

(b)

Address or Principal Business Office:

The principal business address of each of the Reporting Persons is 300 Park Avenue, 21st Floor, New York, NY 10022.

 

(c)

Citizenship of each Reporting Person is:

Investment Manager and IMGP are organized under the laws of the State of Delaware. Mr. Tananbaum is a citizen of the United States.

 

(d)

Title of Class of Securities:

Common Shares, no par value (Common Shares).

 

(e)

CUSIP Number:

071734107

 

ITEM 3.

Not applicable.

CUSIP No. 071734107		Schedule 13G		Page 5 of 9

 

ITEM 4.

Ownership.

(a-c)

The ownership information presented below represents beneficial ownership of Ordinary Shares of the Issuer as of the date hereof, based upon 361,868,131 Ordinary Shares outstanding as of October 28, 2022, based on the Issuers Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 3, 2022.

 

Reporting Person		Amount beneficially owned				Percent of class:				Sole power to vote or to direct the vote:				Shared power to vote or to direct the vote:				Sole power to dispose or to direct the disposition of:				Shared power to dispose or to direct the disposition of:
GoldenTree Asset Management LP			19,421,054				5.4	%			0				19,421,054				0				19,421,054
GoldenTree Asset Management LLC			19,421,054				5.4	%			0				19,421,054				0				19,421,054
Steven A. Tananbaum			19,753,054				5.5	%			332,000				19,421,054				332,000				19,421,054

The securities reported in the table above include 19,421,054 Ordinary Shares held of record by certain managed accounts (collectively, the Accounts) for which the Investment Manager serves as investment manager. In addition, Mr. Tananbaum is the holder of record of 332,000 Ordinary Shares. Mr. Tananbaum is the managing member of IMGP, which is the general partner of the Investment Manager. As a result of these relationships, each of the Reporting Persons may be deemed to share beneficial ownership of the securities held of record by the Accounts.

 

ITEM 5.

Ownership of Five Percent or Less of a Class.

Not applicable.

 

ITEM 6.

Ownership of More than Five Percent on Behalf of Another Person.

The Investment Manager is an investment adviser registered under Section 203 of the Investment Advisers Act of 1940, as amended. The business of Investment Manager is the rendering of financial services and as such, it provides discretionary investment advisory services to each of the Accounts, which have the right to receive the proceeds from the sale of, or the power to direct the receipt of dividends from, the securities reported in this Schedule 13G.

 

ITEM 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

Not applicable.

CUSIP No. 071734107		Schedule 13G		Page 6 of 9

 

ITEM 8.

Identification and Classification of Members of the Group.

Not applicable.

 

ITEM 9.

Notice of Dissolution of Group.

Not applicable.

 

ITEM 10.

Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

CUSIP No. 071734107		Schedule 13G		Page 7 of 9

 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 13, 2023

 

CUSIP No. 071734107		Schedule 13G		Page 8 of 9

 

LIST OF EXHIBITS

 

Exhibit No.		Description
99		Joint Filing Agreement.