{"schema_version":"secwatch.filing_event.v1","accession":"0000885590-25-000059","form_type":"8-K","ticker":"BHC","cik":"0000885590","company_name":"Bausch Health Companies Inc.","filed_at":"2025-12-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.483972+00:00","generated_at":"2026-05-16T12:12:37.395420+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Bausch Health completes $1.6B exchange of senior secured notes, pledges additional 60% of Bausch + Lomb","bullets":["Issued $1.6B aggregate principal of new 10.00% Senior Secured Notes due 2032 in exchange for outstanding 4.875% and 11.00% notes due 2028.","New notes are fungible with existing $4.4B of 10.00% Senior Secured Notes due 2032 issued April 2025.","Pledged additional 26.5M Bausch + Lomb common shares, increasing pledge from ~52.5% to ~60% of outstanding common shares.","Total collateral now includes 211.96M Bausch + Lomb shares as security for both existing and new notes."],"urls":{"canonical":"https://secwatch.observer/filing/0000885590-25-000059","json":"https://secwatch.observer/filing/0000885590-25-000059.json","markdown":"https://secwatch.observer/filing/0000885590-25-000059.md","text":"https://secwatch.observer/filing/0000885590-25-000059.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/885590/000088559025000059/0000885590-25-000059-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/885590/000088559025000059/bhc-20251226.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:12:37.395420+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"}