debt
confidence high
sentiment neutral
materiality 0.60
Bausch + Lomb launches €600M senior secured notes offering and $2.2B term loan refinancing
Bausch Health Companies Inc.
- Subsidiaries launch €600M senior secured floating rate notes.
- Also pursuing $2.2B new term B loan facility and $800M revolver.
- Proceeds to repay existing revolver and fully refinance term A and B loans due 2027.
- Notes offering not contingent on closing of new credit facilities.
- Notes guaranteed by Bausch + Lomb and certain subsidiaries, secured on first-priority basis.
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