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Press release from CNW Group

Valeant Pharmaceuticals Completes Syndication Of Incremental Term Loans

Thursday, June 14, 2012

Valeant Pharmaceuticals Completes Syndication Of Incremental Term Loans18:31 EDT Thursday, June 14, 2012MONTREAL, June 14, 2012 /CNW/ - Valeant Pharmaceuticals International, Inc. (NYSE: VRX and TSX: VRX) announced today the successful syndication of $600 million of incremental term loans under its existing senior secured credit facilities to be used to fund repayment of amounts outstanding under its existing $275 million revolving facility and for general corporate purposes, including acquisitions. The incremental term loans will mature in 2019 and have terms that are similar to the Company's existing $600 million Term Loan B facility, with certain modifications. The facility closed on June 14, 2012.About Valeant Pharmaceuticals International, Inc.Valeant Pharmaceuticals International, Inc. (NYSE/TSX: VRX) is a multinational specialty pharmaceutical company that develops, manufactures and markets a broad range of pharmaceutical products primarily in the areas of neurology, dermatology and branded generics. More information about Valeant Pharmaceuticals International, Inc. can be found at www.valeant.com.(Logo: http://photos.prnewswire.com/prnh/20101025/LA87217LOGO) Contact Information: Laurie W. Little 949-461-6002 laurie.little@valeant.com SOURCE Valeant Pharmaceuticals International, Inc.For further information: http://www.valeant.comhttp://photos.prnewswire.com/prnh/20101025/LA87217LOGOPRN Photo Desk, photodesk@prnewswire.com