debt
confidence high
sentiment neutral
materiality 0.55
Bausch + Lomb borrows $400M in incremental term loans; matures 2027
Bausch & Lomb Corp
- Borrowed $400M in Second Incremental Term Loans under credit agreement dated May 10, 2022.
- Term loans mature May 10, 2027; amortize quarterly starting Q1 2025.
- Interest rate: base rate + 2.25% or term SOFR + 3.25%, at borrower's option.
- Proceeds used to repay revolving credit facility and for general corporate purposes.