<SEC-DOCUMENT>0001013594-20-000498.txt : 20200515
<SEC-HEADER>0001013594-20-000498.hdr.sgml : 20200515
<ACCEPTANCE-DATETIME>20200515110216
ACCESSION NUMBER:		0001013594-20-000498
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20200515
DATE AS OF CHANGE:		20200515

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Bausch Health Companies Inc.
		CENTRAL INDEX KEY:			0000885590
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-45947
		FILM NUMBER:		20882004

	BUSINESS ADDRESS:	
		STREET 1:		2150 ST. ELZEAR BLVD. WEST
		STREET 2:		LAVAL
		CITY:			QUEBEC
		STATE:			A8
		ZIP:			H7L 4A8
		BUSINESS PHONE:		514-744-6792

	MAIL ADDRESS:	
		STREET 1:		2150 ST. ELZEAR BLVD. WEST
		STREET 2:		LAVAL
		CITY:			QUEBEC
		STATE:			A8
		ZIP:			H7L 4A8

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Valeant Pharmaceuticals International, Inc.
		DATE OF NAME CHANGE:	20100928

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BIOVAIL Corp
		DATE OF NAME CHANGE:	20100416

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BIOVAIL CORP INTERNATIONAL
		DATE OF NAME CHANGE:	19960522

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PAULSON & CO. INC.
		CENTRAL INDEX KEY:			0001035674
		IRS NUMBER:				133796759
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		1133 AVENUE OF THE AMERICAS
		STREET 2:		33RD FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036
		BUSINESS PHONE:		212-956-2221

	MAIL ADDRESS:	
		STREET 1:		1133 AVENUE OF THE AMERICAS
		STREET 2:		33RD FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PAULSON & CO INC
		DATE OF NAME CHANGE:	19970313
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>bausch13da1-051520.htm
<TEXT>
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    <div style="text-align: center; line-height: 11.4pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; line-height: 11.4pt; margin-bottom: 12pt; font-weight: bold;">WASHINGTON, D.C.&#160; 20549</div>
    <div style="text-align: center; line-height: 11.4pt; font-weight: bold;">SCHEDULE 13D</div>
    <div style="text-align: center; line-height: 11.4pt; margin-bottom: 12pt; font-weight: bold;">(RULE 13D - 101)</div>
    <div style="text-align: center; line-height: 11.4pt; margin-bottom: 12pt; font-weight: bold;">INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(a) AND AMENDMENTS THERETO
      FILED PURSUANT TO 13d-2(a)</div>
    <div style="text-align: center; line-height: 11.4pt; margin-bottom: 12pt; font-weight: bold;">(Amendment No. 2)*</div>
    <div style="text-align: center; line-height: 11.4pt; margin-bottom: 12pt;"><u>BAUSCH HEALTH COMPANIES INC.</u><br>
      (Name of Issuer)</div>
    <div style="text-align: center; line-height: 11.4pt; color: #000000;"><u>Common Shares, no par value</u></div>
    <div style="text-align: center; line-height: 11.4pt; margin-bottom: 12pt;">(Title of Class of Securities)</div>
    <div style="text-align: center; line-height: 11.4pt; margin-bottom: 12pt;"><u>071734107</u><br>
      (CUSIP Number)</div>
    <div style="background-color: #FFFFFF; line-height: 14.4pt;">
      <div style="text-align: center; line-height: 11.4pt; color: #000000;">Stephen M. Schultz, Esq.</div>
      <div style="text-align: center; line-height: 11.4pt; color: #000000;">Kleinberg, Kaplan, Wolff &amp; Cohen, P.C.</div>
      <div style="text-align: center; line-height: 11.4pt; color: #000000;">551 Fifth Avenue, New York, New York 10176</div>
    </div>
    <div style="text-align: center; line-height: 11.4pt;"><u>Tel. (212) 986-6000</u></div>
    <div style="text-align: center; line-height: 11.4pt; margin-bottom: 12pt;">&#160;(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)</div>
    <div style="text-align: center; line-height: 11.4pt;"><u>May 14, 2020</u></div>
    <div style="text-align: center; line-height: 11.4pt; margin-bottom: 12pt;">(Date of Event which Requires Filing of this Statement)</div>
    <div style="text-align: justify; line-height: 11.4pt; margin-bottom: 12pt;">If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the
      subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [&#160; ].</div>
    <div style="text-align: justify; line-height: 11.4pt; margin-bottom: 12pt;">Note:&#160; Schedules filed in paper format shall include a signed original and five copies of the schedule, including
      all exhibits.&#160; See Rule 13d-7 for other parties to whom copies are to be sent.</div>
    <div style="text-align: justify; line-height: 11.4pt; margin-bottom: 12pt;">*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 disclosures provided in a prior cover page.</div>
    <div style="text-align: justify; line-height: 11.4pt; margin-bottom: 12pt;">The information required on the remainder of this cover page shall not be deemed to be &#8220;filed&#8221; for the purpose of
      Section 18 of the Securities Exchange Act of 1934 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).</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
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    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <table cellspacing="0" cellpadding="0" id="zb19f1e634a9b4fb1ad4b3c9343f0d05d" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 9.1%; vertical-align: top;">
            <div style="line-height: 11.4pt;">1.</div>
          </td>
          <td style="width: 90.9%; vertical-align: top;">
            <div style="line-height: 11.4pt;">NAMES OF REPORTING PERSONS<br>
              I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">
            <div style="margin-left: 46.45pt; line-height: 11.4pt; color: #000000;">Paulson &amp; Co. Inc.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">
            <div style="line-height: 11.4pt;">2.</div>
          </td>
          <td style="width: 90.9%; vertical-align: top;">
            <div style="line-height: 11.4pt;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">
            <div style="line-height: 11.4pt;">(a)&#160;&#160;&#160;&#160;[ ]</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">
            <div style="line-height: 11.4pt;">(b)&#160;&#160;&#160;&#160;[ ]</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">
            <div style="line-height: 11.4pt;">3.</div>
          </td>
          <td style="width: 90.9%; vertical-align: top;">
            <div style="line-height: 11.4pt;">SEC USE ONLY</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">
            <div style="line-height: 11.4pt;">4.</div>
          </td>
          <td style="width: 90.9%; vertical-align: top;">
            <div style="line-height: 11.4pt;">SOURCE OF FUNDS</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">
            <div style="margin-left: 46.45pt; line-height: 11.4pt;">OO</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">
            <div style="line-height: 11.4pt;">5.</div>
          </td>
          <td style="width: 90.9%; vertical-align: top;">
            <div style="line-height: 11.4pt;">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) &#160;&#160;&#160;&#160;&#160;[ ]</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">
            <div style="line-height: 11.4pt;">6.</div>
          </td>
          <td style="width: 90.9%; vertical-align: top;">
            <div style="line-height: 11.4pt;">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">
            <div style="margin-left: 46.45pt; line-height: 11.4pt;">Delaware</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: top;" colspan="2">
            <div style="line-height: 11.4pt;">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">
            <div style="line-height: 11.4pt;">7.</div>
          </td>
          <td style="width: 90.9%; vertical-align: top;">
            <div style="line-height: 11.4pt;">SOLE VOTING POWER</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">
            <div style="margin-left: 46.45pt; line-height: 11.4pt;">25,839,035 (1)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">
            <div style="line-height: 11.4pt;">8.</div>
          </td>
          <td style="width: 90.9%; vertical-align: top;">
            <div style="line-height: 11.4pt;">SHARED VOTING POWER</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">
            <div style="margin-left: 46.45pt; line-height: 11.4pt;">0</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">
            <div style="line-height: 11.4pt;">9.</div>
          </td>
          <td style="width: 90.9%; vertical-align: top;">
            <div style="line-height: 11.4pt;">SOLE DISPOSITIVE POWER</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">
            <div style="margin-left: 46.45pt; line-height: 11.4pt;">25,839,035 (1)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">
            <div style="line-height: 11.4pt;">10.</div>
          </td>
          <td style="width: 90.9%; vertical-align: top;">
            <div style="line-height: 11.4pt;">SHARED DISPOSITIVE POWER</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">
            <div style="margin-left: 46.45pt; line-height: 11.4pt;">0</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">
            <div style="line-height: 11.4pt;">11.</div>
          </td>
          <td style="width: 90.9%; vertical-align: top;">
            <div style="line-height: 11.4pt;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">
            <div style="margin-left: 46.45pt; line-height: 11.4pt;">25,839,035 (1)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">
            <div style="line-height: 11.4pt;">12.</div>
          </td>
          <td style="width: 90.9%; vertical-align: top;">
            <div style="line-height: 11.4pt;">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)<br>
              EXCLUDES CERTAIN SHARES&#160;&#160;&#160;&#160;[ ]</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">
            <div style="line-height: 11.4pt;">13.</div>
          </td>
          <td style="width: 90.9%; vertical-align: top;">
            <div style="line-height: 11.4pt;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">
            <div style="margin-left: 46.45pt; line-height: 11.4pt;">7.28%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">
            <div style="line-height: 11.4pt;">14.</div>
          </td>
          <td style="width: 90.9%; vertical-align: top;">
            <div style="line-height: 11.4pt;">TYPE OF REPORTING PERSON</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 9.1%; vertical-align: top;">&#160;</td>
          <td style="width: 90.9%; vertical-align: top;">
            <div style="margin-left: 46.45pt; line-height: 11.4pt;">IA</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z4b41a60def0740088fa22406da50beed" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt; line-height: 11.4pt;">(1)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; line-height: 11.4pt;">See Note 1 to Item 5 below.</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 11.4pt; margin-bottom: 12pt;">The following constitutes Amendment No. 2 to the Schedule 13D filed by the undersigned
      (&#8220;Amendment No. 2&#8221;). This Amendment No. 2 amends the Schedule 13D as specifically set forth herein.</div>
    <div style="line-height: 11.4pt; margin-bottom: 12pt;">
      <div>
        <table cellspacing="0" cellpadding="0" id="z25b75f09034e487caae7727e50eb28cd" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 54pt; vertical-align: top; align: right; font-weight: bold;">Item 5.</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-weight: bold;">Interest in Securities of the Issuer.</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="text-align: justify; line-height: 11.4pt; margin-bottom: 12pt;">Item 5 is hereby amended and restated to read as follows:</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 11.4pt; margin-bottom: 12pt;">(a)<font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font>The aggregate percentage of Common Stock reported owned by the Reporting Person is based upon approximately 354,727,444 shares of Common Stock outstanding as of April 30, 2020, which is the total number of shares of Common Stock outstanding as disclosed on the&#160; Issuer&#8217;s Quarterly Report on Form
        10-Q filed with the Securities and Exchange Commission on May 7, 2020. As of the date hereof, the Reporting Person may be deemed to have beneficially owned approximately 7.28% of the outstanding Common Stock.</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 11.4pt; margin-bottom: 12pt;">(b)<font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font>Number of shares of Common Stock as to which Paulson has:</div>
    <div style="margin: 0px 0px 12pt; line-height: 11.4pt; text-align: justify; text-indent: 65pt;">(i) Sole power to vote or direct the vote: 25,839,035 (see Note 1).</div>
    <div style="margin: 0px 0px 12pt; line-height: 11.4pt; text-align: justify; text-indent: 65pt;">(ii) Shared power to vote or direct the vote: 0</div>
    <div style="margin: 0px 0px 12pt; line-height: 11.4pt; text-align: justify; text-indent: 65pt;">(iii) <font style="color: #000000;">Sole power to dispose or direct the disposition: </font>25,839,035 (see Note 1).</div>
    <div style="margin: 0px 0px 12pt; line-height: 11.4pt; text-align: justify; text-indent: 65pt;">(iv) <font style="color: #000000;">Shared power to dispose or direct the disposition: 0</font></div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 11.4pt; margin-bottom: 12pt;">(c)<font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font>The transactions effected by the Reporting Person during the past 60 days are set forth on Schedule B attached hereto.</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 11.4pt; margin-bottom: 12pt;">(d)<font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font>See Note 1.</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 11.4pt; margin-bottom: 12pt;">(e)<font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font>Not applicable.</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 11.4pt; margin-bottom: 12pt;">Note 1: The Reporting Person, an investment advisor that is registered under the Investment
      Advisers Act of 1940, furnishes investment advice to and manages the Funds. In its role as investment advisor, or manager, as the case may be, the Reporting Person possesses voting and investment power over the securities of the Issuer described in
      this Schedule 13D that are owned by the Funds. The pecuniary interest of all securities reported in this Schedule is owned by the Funds. Except for the purpose of determining beneficial ownership under Section 13(d) of the Securities Exchange Act of
      1934, as amended, the Reporting Person disclaims beneficial ownership of all securities reported in this Schedule 13D.</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 11.4pt; margin-bottom: 12pt;"><font style="color: #000000;">For
        reporting purposes, the aggregate amount of Common Stock deemed to be beneficially owned by the Reporting Person is calculated based on an aggregate </font>25,839,035<font style="color: #000000;"> shares of Common Stock held by the Reporting Person as of the date hereof.</font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="text-align: center; line-height: 11.4pt; margin-bottom: 12pt; font-weight: bold;">SIGNATURES</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 11.4pt; margin-bottom: 12pt;">After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned
      certifies that the information with respect to it set forth in this statement is true, complete, and correct.</div>
    <div style="text-align: justify; text-indent: -54pt; margin-left: 54pt; line-height: 11.4pt; margin-bottom: 12pt;">Dated:&#160; May 15, 2020</div>
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        <tr>
          <td style="width: 48.45%; vertical-align: top;">&#160;</td>
          <td style="width: 51.55%; vertical-align: top;" colspan="3">
            <div style="line-height: 11.4pt; color: #000000;">PAULSON &amp; CO. INC.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 48.45%; vertical-align: top;">&#160;</td>
          <td style="width: 6.26%; vertical-align: top;">&#160;</td>
          <td style="width: 45.3%; vertical-align: top;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 48.45%; vertical-align: top;">&#160;</td>
          <td style="width: 6.26%; vertical-align: top;">
            <div style="line-height: 11.4pt;">By:</div>
          </td>
          <td style="width: 45.3%; vertical-align: top;" colspan="2">
            <div style="line-height: 14.4pt; border-bottom: 0.5pt solid black;">
              <div style="line-height: 11.4pt;">/s/ Stuart L. Merzer</div>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 48.45%; vertical-align: top;">&#160;</td>
          <td style="width: 6.26%; vertical-align: top;">&#160;</td>
          <td style="width: 9.2%; vertical-align: top;">
            <div style="line-height: 11.4pt;">Name:</div>
          </td>
          <td style="width: 36.1%; vertical-align: top;">
            <div style="line-height: 11.4pt;">Stuart L. Merzer</div>
          </td>
        </tr>
        <tr>
          <td style="width: 48.45%; vertical-align: top;">&#160;</td>
          <td style="width: 6.26%; vertical-align: top;">&#160;</td>
          <td style="width: 9.2%; vertical-align: top;">
            <div style="line-height: 11.4pt;">Title:</div>
          </td>
          <td style="width: 36.1%; vertical-align: top;">
            <div style="line-height: 11.4pt;">General Counsel &amp;</div>
            <div style="line-height: 11.4pt;">Chief Compliance Officer</div>
          </td>
        </tr>

    </table>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
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    <div style="text-align: center; line-height: 11.4pt; margin-bottom: 12pt; color: #000000; font-weight: bold;">SCHEDULE B</div>
    <div style="text-align: center; line-height: 11.4pt; margin-bottom: 12pt; color: #000000;">Transactions of the Reporting Person Effected During the Past 60 Days</div>
    <div style="text-align: justify; line-height: 11.4pt; margin-bottom: 12pt; color: #000000;">The following transactions were effected by Paulson &amp; Co. Inc. on the open market during the
      past 60 days:</div>
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        <tr>
          <td style="width: 25.01%; vertical-align: top;">
            <div style="text-align: center; line-height: 11.4pt; color: #000000;"><u>Date</u></div>
          </td>
          <td style="width: 25.04%; vertical-align: top;">
            <div style="text-align: center; line-height: 11.4pt; color: #000000;"><u>Security</u></div>
          </td>
          <td style="width: 25.34%; vertical-align: top;">
            <div style="text-align: center; line-height: 11.4pt; color: #000000;"><u>Amount of Shs.</u></div>
            <div style="text-align: center; line-height: 11.4pt; color: #000000;"><u>Bought / (Sold)</u></div>
          </td>
          <td style="width: 24.6%; vertical-align: top;">
            <div style="text-align: center; line-height: 11.4pt; color: #000000;"><u>Approx. price</u><br>
              <u>($) per Share</u></div>
          </td>
        </tr>
        <tr>
          <td style="width: 25.01%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center; line-height: 11.4pt;">05/12/2020</div>
          </td>
          <td style="width: 25.04%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center; line-height: 11.4pt;">Common Stock</div>
          </td>
          <td style="width: 25.34%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center; line-height: 11.4pt;">162,900</div>
          </td>
          <td style="width: 24.6%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center; line-height: 11.4pt;">$17.50</div>
          </td>
        </tr>
        <tr>
          <td style="width: 25.01%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; line-height: 11.4pt;">05/12/2020</div>
          </td>
          <td style="width: 25.04%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; line-height: 11.4pt;">Common Stock</div>
          </td>
          <td style="width: 25.34%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; line-height: 11.4pt;">374,836</div>
          </td>
          <td style="width: 24.6%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; line-height: 11.4pt;">$17.33</div>
          </td>
        </tr>
        <tr>
          <td style="width: 25.01%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center; line-height: 11.4pt;">05/12/2020</div>
          </td>
          <td style="width: 25.04%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center; line-height: 11.4pt;">Common Stock</div>
          </td>
          <td style="width: 25.34%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center; line-height: 11.4pt;">678,400</div>
          </td>
          <td style="width: 24.6%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center; line-height: 11.4pt;">$17.47</div>
          </td>
        </tr>
        <tr>
          <td style="width: 25.01%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; line-height: 11.4pt;">05/12/2020</div>
          </td>
          <td style="width: 25.04%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; line-height: 11.4pt;">Common Stock</div>
          </td>
          <td style="width: 25.34%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; line-height: 11.4pt;">25,000</div>
          </td>
          <td style="width: 24.6%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; line-height: 11.4pt;">$17.30</div>
          </td>
        </tr>
        <tr>
          <td style="width: 25.01%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center; line-height: 11.4pt;">05/12/2020</div>
          </td>
          <td style="width: 25.04%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center; line-height: 11.4pt;">Common Stock</div>
          </td>
          <td style="width: 25.34%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center; line-height: 11.4pt;">799,900</div>
          </td>
          <td style="width: 24.6%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center; line-height: 11.4pt;">$17.25</div>
          </td>
        </tr>
        <tr>
          <td style="width: 25.01%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; line-height: 11.4pt;">05/13/2020</div>
          </td>
          <td style="width: 25.04%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; line-height: 11.4pt;">Common Stock</div>
          </td>
          <td style="width: 25.34%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; line-height: 11.4pt;">603,900</div>
          </td>
          <td style="width: 24.6%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; line-height: 11.4pt;">$16.32</div>
          </td>
        </tr>
        <tr>
          <td style="width: 25.01%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center; line-height: 11.4pt;">05/13/2020</div>
          </td>
          <td style="width: 25.04%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center; line-height: 11.4pt;">Common Stock</div>
          </td>
          <td style="width: 25.34%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center; line-height: 11.4pt;">80,300</div>
          </td>
          <td style="width: 24.6%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center; line-height: 11.4pt;">$16.58</div>
          </td>
        </tr>
        <tr>
          <td style="width: 25.01%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; line-height: 11.4pt;">05/13/2020</div>
          </td>
          <td style="width: 25.04%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; line-height: 11.4pt;">Common Stock</div>
          </td>
          <td style="width: 25.34%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; line-height: 11.4pt;">645,844</div>
          </td>
          <td style="width: 24.6%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; line-height: 11.4pt;">$16.70</div>
          </td>
        </tr>
        <tr>
          <td style="width: 25.01%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center; line-height: 11.4pt;">05/14/2020</div>
          </td>
          <td style="width: 25.04%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center; line-height: 11.4pt;">Common Stock</div>
          </td>
          <td style="width: 25.34%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center; line-height: 11.4pt;">348,920</div>
          </td>
          <td style="width: 24.6%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center; line-height: 11.4pt;">$15.85</div>
          </td>
        </tr>
        <tr>
          <td style="width: 25.01%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; line-height: 11.4pt;">05/14/2020</div>
          </td>
          <td style="width: 25.04%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; line-height: 11.4pt;">Common Stock</div>
          </td>
          <td style="width: 25.34%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; line-height: 11.4pt;">70,000</div>
          </td>
          <td style="width: 24.6%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; line-height: 11.4pt;">$15.65</div>
          </td>
        </tr>
        <tr>
          <td style="width: 25.01%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center; line-height: 11.4pt;">05/14/2020</div>
          </td>
          <td style="width: 25.04%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center; line-height: 11.4pt;">Common Stock</div>
          </td>
          <td style="width: 25.34%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center; line-height: 11.4pt;">624,900</div>
          </td>
          <td style="width: 24.6%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center; line-height: 11.4pt;">$15.87</div>
          </td>
        </tr>
        <tr>
          <td style="width: 25.01%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; line-height: 11.4pt;">05/14/2020</div>
          </td>
          <td style="width: 25.04%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; line-height: 11.4pt;">Common Stock</div>
          </td>
          <td style="width: 25.34%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; line-height: 11.4pt;">585,100</div>
          </td>
          <td style="width: 24.6%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; line-height: 11.4pt;">$15.92</div>
          </td>
        </tr>

    </table>
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