secwatch.observer — SEC 8-K summary
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Issuer:     Bausch & Lomb Corp (BLCO)
CIK:        0001860742
Form:       8-K
Filed at:   2025-12-12T23:59:59+00:00
Accession:  0000950103-25-016088
Event type: debt
Sentiment:  positive
Materiality: 0.45
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1860742/000095010325016088/0000950103-25-016088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1860742/000095010325016088/dp238711_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-25-016088

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