secwatch.observer — SEC 8-K summary
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Issuer:     Bausch Health Companies Inc. (BHC)
CIK:        0000885590
Form:       8-K
Filed at:   2025-03-19T23:59:59+00:00
Accession:  0000885590-25-000010
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bausch Health launches $4.0B secured notes offering and $3.8B credit facilities to refinance debt
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- Indirect subsidiary launched $4.0B senior secured notes due 2032 to qualified institutional investors.
- New senior secured credit facilities: $400M 5-year revolver and $3.4B 5.5-year term loan B, pari passu with notes.
- Proceeds to repay secured term loan due 2027, redeem all 2025 and 2027 notes, and redeem 9.000% HoldCo notes due 2028.
- Conditional redemption notices: 2025 notes redemption April 18, 2025; 2027/HoldCo notes redemption April 4, 2025.
- Redemption conditioned on closing of note offering and term loan funding; no assurances given.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885590/000088559025000010/0000885590-25-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885590/000088559025000010/bhc-20250319.htm
  HTML page:      https://secwatch.observer/filing/0000885590-25-000010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer