debt
confidence high
sentiment neutral
materiality 0.75
Bausch + Lomb prices €675M secured notes, upsized; new term loan $2.325B
Bausch Health Companies Inc.
- Priced €675M senior secured floating rate notes due 2031 at 99.5% of principal; offering upsized from €600M.
- Also upsized New Term B Loan Facility to $2.325B from $2.2B, accruing at Term SOFR + 4.25%.
- Proceeds to repay existing revolver and refinance term A and B loans due 2027.
- Closing expected June 26, 2025; notes offering not contingent on new credit facilities.
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