<SEC-DOCUMENT>0000905148-25-001764.txt : 20250515
<SEC-HEADER>0000905148-25-001764.hdr.sgml : 20250515
<ACCEPTANCE-DATETIME>20250515163716
ACCESSION NUMBER:		0000905148-25-001764
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20250515
DATE AS OF CHANGE:		20250515

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Bausch Health Companies Inc.
		CENTRAL INDEX KEY:			0000885590
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		ORGANIZATION NAME:           	03 Life Sciences
		EIN:				000000000
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-45947
		FILM NUMBER:		25954398

	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:			NOMURA HOLDINGS INC
		CENTRAL INDEX KEY:			0001163653
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		ORGANIZATION NAME:           	02 Finance
		EIN:				000000000
		STATE OF INCORPORATION:			M0
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G

	BUSINESS ADDRESS:	
		STREET 1:		1-13-1 NIHONBASHI
		STREET 2:		CHUO-KU
		CITY:			TOKYO
		STATE:			M0
		ZIP:			103-8645
		BUSINESS PHONE:		81-3-5255-1000

	MAIL ADDRESS:	
		STREET 1:		1-13-1 NIHONBASHI
		STREET 2:		CHUO-KU
		CITY:			TOKYO
		STATE:			M0
		ZIP:			103-8645
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
<headerData>
<submissionType>SCHEDULE 13G</submissionType>
<filerInfo>
<filer>
<filerCredentials>
<cik>0001163653</cik>
<ccc>XXXXXXXX</ccc>
</filerCredentials>
</filer>
<liveTestFlag>LIVE</liveTestFlag>



</filerInfo>
</headerData>
<formData>
<coverPageHeader>
<securitiesClassTitle>Common Shares, No Par Value</securitiesClassTitle>
<eventDateRequiresFilingThisStatement>03/31/2025</eventDateRequiresFilingThisStatement>
<issuerInfo>
<issuerCik>0000885590</issuerCik>
<issuerName>Bausch Health Companies Inc.</issuerName>
<issuerCusip>071734107</issuerCusip>
<issuerPrincipalExecutiveOfficeAddress>
<com:street1>2150 St. Elzear Blvd. West</com:street1>
<com:city>Laval</com:city>
<com:stateOrCountry>A8</com:stateOrCountry>
<com:zipCode>H7L 4A8</com:zipCode>
</issuerPrincipalExecutiveOfficeAddress>
</issuerInfo>
<designateRulesPursuantThisScheduleFiled>
<designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
</designateRulesPursuantThisScheduleFiled>
</coverPageHeader>
<coverPageHeaderReportingPersonDetails>

<reportingPersonName>NOMURA HOLDINGS INC</reportingPersonName>
<citizenshipOrOrganization>M0</citizenshipOrOrganization>
<reportingPersonBeneficiallyOwnedNumberOfShares>
<soleVotingPower>0</soleVotingPower>
<sharedVotingPower>23395000</sharedVotingPower>
<soleDispositivePower>0</soleDispositivePower>
<sharedDispositivePower>23395000</sharedDispositivePower>
</reportingPersonBeneficiallyOwnedNumberOfShares>
<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>23395000</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
<aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
<classPercent>6.3</classPercent>
<typeOfReportingPerson>HC</typeOfReportingPerson>
<comments>(1) Shared voting and dispositive power represents 23,395,000 Common Shares beneficially owned by Nomura Global Financial Products, Inc. ("NGFP"). NGFP is a wholly owned subsidiary of Nomura Holdings, Inc., which accordingly may be deemed to beneficially own the Common Shares beneficially owned by NGFP.&#13;
&#13;
(2) The percent of class is calculated based on 369,539,455 Common Shares outstanding as of March 31, 2025, as reported in the Issuer's quarterly report on Form 10-Q for the fiscal quarter ended March 31, 2025 filed with the SEC on May 1, 2025.</comments>
</coverPageHeaderReportingPersonDetails>
<coverPageHeaderReportingPersonDetails>

<reportingPersonName>NOMURA GLOBAL FINANCIAL PRODUCTS INC</reportingPersonName>
<citizenshipOrOrganization>DE</citizenshipOrOrganization>
<reportingPersonBeneficiallyOwnedNumberOfShares>
<soleVotingPower>0</soleVotingPower>
<sharedVotingPower>23395000</sharedVotingPower>
<soleDispositivePower>0</soleDispositivePower>
<sharedDispositivePower>23395000</sharedDispositivePower>
</reportingPersonBeneficiallyOwnedNumberOfShares>
<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>23395000</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
<aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
<classPercent>6.3</classPercent>
<typeOfReportingPerson>BD</typeOfReportingPerson>
<comments>(3) The percent of class is calculated based on 369,539,455 Common Shares outstanding as of March 31, 2025, as reported in the Issuer's quarterly report on Form 10-Q for the fiscal quarter ended March 31, 2025 filed with the SEC on May 1, 2025.</comments>
</coverPageHeaderReportingPersonDetails>
<items>
<item1>
<issuerName>Bausch Health Companies Inc.</issuerName>
<issuerPrincipalExecutiveOfficeAddress>2150 St. Elzear Blvd. West, Laval, Quebec, Canada, H7L 4A8</issuerPrincipalExecutiveOfficeAddress>
</item1>
<item2>
<filingPersonName>Nomura Holdings, Inc.&#13;
 	 	&#13;
Nomura Global Financial Products, Inc.</filingPersonName>
<principalBusinessOfficeOrResidenceAddress>Nomura Holdings, Inc.: 	 	&#13;
13-1, Nihonbashi 1-chome, Chuo-ku, Tokyo 103-8645, Japan&#13;
 	 	&#13;
Nomura Global Financial Products, Inc.:&#13;
Worldwide Plaza 	 	&#13;
309 West 49th Street 	 	&#13;
New York, NY 10019</principalBusinessOfficeOrResidenceAddress>
<citizenship>Nomura Holdings, Inc.:&#13;
Japan 	 &#13;
 	 	&#13;
Nomura Global Financial Products, Inc.: 	&#13;
Delaware</citizenship>
</item2>
<item3>
<notApplicableFlag>N</notApplicableFlag>
<typeOfPersonFiling>BD</typeOfPersonFiling>
<typeOfPersonFiling>HC</typeOfPersonFiling>
</item3>
<item4>
<amountBeneficiallyOwned>Items 5-11 of the cover pages are incorporated by reference.</amountBeneficiallyOwned>
<classPercent>Items 5-11 of the cover pages are incorporated by reference.</classPercent>
<numberOfSharesPersonHas>
<solePowerOrDirectToVote>Items 5-11 of the cover pages are incorporated by reference.</solePowerOrDirectToVote>
<sharedPowerOrDirectToVote>Items 5-11 of the cover pages are incorporated by reference.</sharedPowerOrDirectToVote>
<solePowerOrDirectToDispose>Items 5-11 of the cover pages are incorporated by reference.</solePowerOrDirectToDispose>
<sharedPowerOrDirectToDispose>Items 5-11 of the cover pages are incorporated by reference.</sharedPowerOrDirectToDispose>
</numberOfSharesPersonHas>
</item4>
<item5>
<notApplicableFlag>Y</notApplicableFlag>
</item5>
<item6>
<notApplicableFlag>Y</notApplicableFlag>
</item6>
<item7>
<notApplicableFlag>N</notApplicableFlag>
<subsidiaryIdentificationAndClassification>See Exhibit B</subsidiaryIdentificationAndClassification>
</item7>
<item8>
<notApplicableFlag>Y</notApplicableFlag>
</item8>
<item9>
<notApplicableFlag>Y</notApplicableFlag>
</item9>
<item10>
<notApplicableFlag>N</notApplicableFlag>
<certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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.</certifications>
</item10>
</items>
<exhibitInfo>Exhibit A - Joint Filing Agreement&#13;
Exhibit B - Subsidiaries</exhibitInfo>
<signatureInformation>
<reportingPersonName>NOMURA HOLDINGS INC</reportingPersonName>
<signatureDetails>
<signature>/s/ Samir Patel</signature>
<title>Samir Patel, Managing Director</title>
<date>05/15/2025</date>
</signatureDetails>
</signatureInformation>
<signatureInformation>
<reportingPersonName>NOMURA GLOBAL FINANCIAL PRODUCTS INC</reportingPersonName>
<signatureDetails>
<signature>/s/ Samir Patel</signature>
<title>Samir Patel, Authorized Officer</title>
<date>05/15/2025</date>
</signatureDetails>
</signatureInformation>
</formData>

</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>jfa.htm
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Sidley
         Document created using Broadridge PROfile 25.3.1.5296
         Copyright 1995 - 2025 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <div style="color: rgb(0, 0, 0); font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: center; font-weight: bold;">EXHIBIT A</div>
    <div style="color: rgb(0, 0, 0); font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><br>
    </div>
    <div style="color: rgb(0, 0, 0); font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: center; font-weight: bold;">JOINT FILING
      AGREEMENT</div>
    <div style="color: rgb(0, 0, 0); font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><br>
    </div>
    <div style="color: rgb(0, 0, 0); font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">In accordance with Rule 13d-1(k) under the Securities
      Exchange Act of 1934, the persons or entities named below agree to the joint filing on behalf of each of them of this Schedule 13G with respect to the Securities of the Issuer and further agree that this Joint Filing Agreement be included as an
      exhibit to this Schedule 13G. In evidence thereof, the undersigned hereby execute this Joint Filing Agreement as of May 15<font style="color: rgb(0, 0, 0); font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">, 2025</font>.</div>
    <div style="color: rgb(0, 0, 0); font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="z76f7fcb8c0a2423db6f93b7da778042f" style="letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-size: 10pt; width: 1887px; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

        <tr>
          <td style="width: 943.297px; vertical-align: top;">
            <div>Nomura Holdings, Inc.</div>
          </td>
          <td style="width: 943.703px; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 943.297px; vertical-align: top;">&#160;</td>
          <td style="width: 943.703px; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 943.297px; vertical-align: top;">
            <div><u>/s/ Samir Patel</u></div>
          </td>
          <td style="width: 943.703px; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 943.297px; vertical-align: top;">
            <div>Name:&#160; Samir Patel</div>
          </td>
          <td style="width: 943.703px; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 943.297px; vertical-align: top;">
            <div>Title:&#160; Managing Director</div>
          </td>
          <td style="width: 943.703px; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 943.297px; vertical-align: top;">&#160;</td>
          <td style="width: 943.703px; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 943.297px; vertical-align: top;">
            <div>Nomura Global Financial Products, Inc.</div>
          </td>
          <td style="width: 943.703px; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 943.297px; vertical-align: top;">&#160;</td>
          <td style="width: 943.703px; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 943.297px; vertical-align: top;">
            <div><u>/s/ Samir Patel</u></div>
          </td>
          <td style="width: 943.703px; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 943.297px; vertical-align: top;">
            <div>Name:&#160; Samir Patel</div>
          </td>
          <td style="width: 943.703px; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 943.297px; vertical-align: top;">
            <div>Title:&#160; Authorized Officer</div>
          </td>
        </tr>

    </table>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>subsidiaries.htm
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Sidley
         Document created using Broadridge PROfile 25.3.1.5296
         Copyright 1995 - 2025 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <div style="color: rgb(0, 0, 0); font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: center; font-weight: bold;">EXHIBIT B</div>
    <div style="color: rgb(0, 0, 0); font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><br>
    </div>
    <div style="color: rgb(0, 0, 0); font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: center; font-weight: bold;">SUBSIDIARIES</div>
    <div style="color: rgb(0, 0, 0); font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><br>
    </div>
    <div style="color: rgb(0, 0, 0); font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Nomura Global Financial Products, Inc. is a wholly owned subsidiary of Nomura Holdings, Inc.</div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
