{"schema_version":"secwatch.filing_event.v1","accession":"0000885590-25-000057","form_type":"8-K","ticker":"BHC","cik":"0000885590","company_name":"Bausch Health Companies Inc.","filed_at":"2025-12-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.483717+00:00","generated_at":"2026-05-16T12:22:38.224828+00:00","sec_items":["8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"medium","headline":"Bausch Health completes debt exchange for up to $1.6B in 10.00% senior secured notes due 2032","bullets":["Exchange offers expired Dec. 23, 2025; old 4.875% and 11.00% senior secured notes due 2028 exchanged for new notes.","New 10.00% Senior Secured Notes due 2032 issued by subsidiary 1261229 B.C. Ltd. with up to $1.6B aggregate principal.","Final tender results not disclosed in filing; press release attached as Exhibit 99.1 with no additional detail provided.","Exchange extends near-term maturities but increases interest cost for the 4.875% notes while reducing cost for the 11% notes."],"urls":{"canonical":"https://secwatch.observer/filing/0000885590-25-000057","json":"https://secwatch.observer/filing/0000885590-25-000057.json","markdown":"https://secwatch.observer/filing/0000885590-25-000057.md","text":"https://secwatch.observer/filing/0000885590-25-000057.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/885590/000088559025000057/0000885590-25-000057-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/885590/000088559025000057/bhc-20251223.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:22:38.224828+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}