secwatch.observer — SEC 8-K summary
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Issuer:     Bausch Health Companies Inc. (BHC)
CIK:        0000885590
Form:       8-K
Filed at:   2025-12-23T23:59:59+00:00
Accession:  0000885590-25-000057
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bausch Health completes debt exchange for up to $1.6B in 10.00% senior secured notes due 2032
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885590/000088559025000057/0000885590-25-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885590/000088559025000057/bhc-20251223.htm
  HTML page:      https://secwatch.observer/filing/0000885590-25-000057

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