Bausch + Lomb refinances $2.8B in term loans, cuts margins and extends maturity

Bausch & Lomb Corp

Replacement Term Loans of $2,802M allocated to refinance all outstanding term B loans due 2028 and 2031.
Margin reduced by 0.50% on the existing 2031 term loans and 0.25% on the 2028 term loans; new margins at SOFR+3.75% or ABR+2.75%.
Maturity of the 2028 loans extended from Sept 29, 2028 to Jan 15, 2031, matching the existing 2031 maturity.
Transaction anticipated to close in Q1 2026, subject to customary conditions.
Net interest expense expected to decrease due to lower applicable margins on the refinanced debt.

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