debt
confidence high
sentiment neutral
materiality 0.60
Bausch + Lomb prices €675M senior secured notes, upsizes term loan to $2.325B
Bausch & Lomb Corp
- Issuers priced €675M senior secured floating rate notes due 2031 at 99.500% of principal, upsized from €600M.
- New $2.325B term B loan facility (Term SOFR + 4.25%) upsized from $2.2B; $800M revolver also planned.
- Proceeds will repay existing revolver, refinance term A and B loans due 2027, and pay fees.
- Notes offering and new credit facilities expected to close on June 26, 2025, subject to conditions.
- Notes are guaranteed by Bausch + Lomb and secured by same assets as existing senior secured notes.
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