Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend]
13 Février 2024 - 10:30PM
Edgar (US Regulatory)
UNITED
STATES
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. 1)*
Bausch
Health Companies Inc.
(Name
of Issuer)
Common
Shares
(Title
of Class of Securities)
071734107
(CUSIP
Number)
December
31, 2023
(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 person’s 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 7 |
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
27,644,959 |
7 |
Sole
Dispositive Power
0 |
8 |
Shared
Dispositive Power
27,644,959 |
9 |
Aggregate
Amount Beneficially Owned by Each Reporting Person
27,644,959 |
10 |
Check
if the Aggregate Amount in Row (9) Excludes Certain Shares
Not
Applicable |
11 |
Percent
of Class Represented by Amount in Row 9
7.6% |
12 |
Type
of Reporting Person
PN |
CUSIP
No. 071734107 |
Schedule
13G |
Page
2 of 7 |
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
27,644,959 |
7 |
Sole
Dispositive Power
0 |
8 |
Shared
Dispositive Power
27,644,959 |
9 |
Aggregate
Amount Beneficially Owned by Each Reporting Person
27,644,959 |
10 |
Check
if the Aggregate Amount in Row (9) Excludes Certain Shares
Not
Applicable |
11 |
Percent
of Class Represented by Amount in Row 9
7.6% |
12 |
Type
of Reporting Person
OO
(Limited Liability company) |
CUSIP
No. 071734107 |
Schedule
13G |
Page
3 of 7 |
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
802,685 |
6 |
Shared
Voting Power
27,644,959 |
7 |
Sole
Dispositive Power
802,685 |
8 |
Shared
Dispositive Power
27,644,959 |
9 |
Aggregate
Amount Beneficially Owned by Each Reporting Person
28,447,644 |
10 |
Check
if the Aggregate Amount in Row (9) Excludes Certain Shares
Not
Applicable |
11 |
Percent
of Class Represented by Amount in Row 9
7.8% |
12 |
Type
of Reporting Person
IN |
CUSIP
No. 071734107 |
Schedule
13G |
Page
4 of 7 |
ITEM
1.
Bausch
Health Companies Inc. (the “Issuer”).
|
(b) |
Address
of Issuer’s 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”).
071734107
ITEM
3.
Not
applicable.
CUSIP
No. 071734107 |
Schedule
13G |
Page
5 of 7 |
ITEM
4. Ownership.
(a-c)
The
ownership information presented below represents beneficial ownership of Common Shares of the Issuer as of the date hereof, based upon
365,195,048 Common Shares outstanding as of October 27, 2023, based on the Issuer’s Quarterly Report on Form 10-Q filed with the
Securities and Exchange Commission on November 2, 2023.
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 | |
| 27,644,959 | | |
| 7.6 | % | |
| 0 | | |
| 27,644,959 | | |
| 0 | | |
| 27,644,959 | |
GoldenTree Asset Management
LLC | |
| 27,644,959 | | |
| 7.6 | % | |
| 0 | | |
| 27,644,959 | | |
| 0 | | |
| 27,644,959 | |
Steven A. Tananbaum | |
| 28,447,644 | | |
| 7.8 | % | |
| 802,685 | | |
| 27,644,959 | | |
| 802,685 | | |
| 27,644,959 | |
The
securities reported in the table above include 27,644,959 Common 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 802,685 Common 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.
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
6 of 7 |
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, 2024
|
GOLDENTREE
ASSET MANAGEMENT LP |
|
|
|
By:
|
GoldenTree
Asset Management LLC, its general partner |
|
|
|
|
By: |
/s/
Steven A. Tananbaum |
|
Name: |
Steven
A. Tananbaum |
|
Title:
|
Managing
Member |
|
|
|
|
GOLDENTREE
ASSET MANAGEMENT LLC |
|
|
|
|
By: |
/s/
Steven A. Tananbaum |
|
Name: |
Steven
A. Tananbaum |
|
Title:
|
Managing
Member |
|
|
|
|
STEVEN
A. TANANBAUM |
|
|
|
|
/s/
Steven A. Tananbaum |
CUSIP
No. 071734107 |
Schedule
13G |
Page
7 of 7 |
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