---
schema_version: "secwatch.filing_event.v1"
accession: "0000885590-25-000013"
form_type: "8-K"
ticker: "BHC"
cik: "0000885590"
company_name: "Bausch Health Companies Inc."
filed_at: "2025-03-25T23:59:59+00:00"
generated_at: "2026-05-24T06:15:38.458658+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Bausch Health prices $4.4B 10% senior secured notes due 2032, upsized from $4.0B

## Summary
- Bausch Health priced $4.4B aggregate principal of 10.000% senior secured notes due 2032, upsized from $4.0B.
- Offering expected to close April 8, 2025; net proceeds to repay existing credit agreement and redeem all Existing Notes.
- Company received commitments for $500M new 5-year revolver and $3.0B 5.5-year term loan B facility.
- Conditional redemption notices delivered for five series of Existing Notes; redemption conditioned on financing closing.
- No assurance conditions will be satisfied; redemption may not occur, but indentures to be discharged if not redeemed.

## SEC filing metadata
- accession: 0000885590-25-000013
- form_type: 8-K
- ticker: BHC
- cik: 0000885590
- company_name: Bausch Health Companies Inc.
- filed_at: 2025-03-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885590/000088559025000013/0000885590-25-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885590/000088559025000013/bhc-20250325.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885590-25-000013
- JSON: https://secwatch.observer/filing/0000885590-25-000013.json
- Plain text: https://secwatch.observer/filing/0000885590-25-000013.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.