Bausch + Lomb completes $2.8B term loan refinancing; margin cut up to 0.50%

Bausch & Lomb Corp

Entered Fourth Amendment providing $2,802,125,000 Replacement Term Loans maturing January 15, 2031.
Proceeds used to refinance existing term B loans due 2028 ($1.0B+) and 2031, extending maturity of 2028 tranche.
Applicable margin reduced by 0.50% (SOFR loans) to 3.75% and by 0.25% (base rate loans) to 2.75%.
Amortization set at 1.00% per annum with first installment due June 30, 2026.
Refinancing closed on January 2, 2026, as previously announced.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Bausch & Lomb Corp amended Fourth Amendment with JPMorgan Chase Bank, N.A., as administrative agent, collateral agent, swingline lender and an issuing bank valued at $2,802,125,000 (effective 2026-01-02).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, collateral agent, swingline lender and an issuing bank
Value: $2,802,125,000
Effective: 2026-01-02

Exact text from the filing

On January 2, 2026, Bausch + Lomb Corporation (the “Company”) entered into an amendment (the “Fourth Amendment”) to the Credit and Guaranty Agreement, dated as of May 10, 2022 (as amended by the First Incremental Amendment, dated as of September 29, 2023, by the Second Incremental Amendment, dated as of November 1, 2024, by the Third Amendment, dated as of June 26, 2025, and as further amended, restated, supplemented or otherwise modified, refinanced or replaced from time to time, the “Credit Agreement”), by and among the Company, certain subsidiaries of the Company as subsidiary guarantors, the lenders and other persons party thereto, and JPMorgan Chase Bank, N.A., as administrative agent, collateral agent, swingline lender and an issuing bank.

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Source: SEC EDGAR

accession 0000950103-26-000051

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