debt
confidence high
sentiment neutral
materiality 0.65
Bausch + Lomb borrows $400M in new term loans maturing May 2027
Bausch Health Companies Inc.
- Bausch + Lomb added $400M term loans under its credit agreement; proceeds used to repay revolver and for corporate purposes.
- Loans mature May 10, 2027, with quarterly amortization: 0.625% of principal for first 8 installments, then 1.875%.
- Interest at base rate or term SOFR plus margin: 2.25% (base) or 3.25% (SOFR); other terms unchanged.
- Bausch Health (BHC) filed the 8-K; the borrowing is at subsidiary Bausch + Lomb (BLCO).