{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-26-000052","form_type":"8-K","ticker":"BHC","cik":"0000885590","company_name":"Bausch Health Companies Inc.","filed_at":"2026-01-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.917618+00:00","generated_at":"2026-05-16T11:52:21.647647+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Bausch + Lomb closes $2.8B term loan refinancing, reduces margins, extends maturity","bullets":["Closed $2.802B Replacement Term Loans maturing 2031 to refinance existing term B loans due 2028 and 2031.","Interest margin reduced by 0.50% (vs prior 2031 loans) and 0.25% (vs 2028 loans); SOFR+3.75% or ABR+2.75%.","Amortization at 1.00% per annum, first installment payable June 30, 2026.","Effective maturity extension of the 2028 loans from September 2028 to January 2031."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-26-000052","json":"https://secwatch.observer/filing/0000950103-26-000052.json","markdown":"https://secwatch.observer/filing/0000950103-26-000052.md","text":"https://secwatch.observer/filing/0000950103-26-000052.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/885590/000095010326000052/0000950103-26-000052-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/885590/000095010326000052/dp239511_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T11:52:21.647647+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0deb8738a68be8fe30ad54a0b36912135448d8da","claim":"Bausch Health Companies Inc. amended term loan of $2,802,125,000 with JPMorgan Chase Bank, N.A. at (i) 3.75% per annum for Replacement Term Loans with an interest rate determined maturing January 15, 2031.","evidence_excerpt":"The Fourth Amendment provides for a new $2,802,125,000 tranche of term loans maturing in 2031 (the \"Replacement Term Loans\"), the proceeds of which were used to refinance all of Bausch + Lomb’s outstanding term B loans due 2031 (the \"Third Amendment Term Loans\") and term B loans due 2028 (the \"First Incremental Term Loans\").","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/885590/000095010326000052/0000950103-26-000052-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$2,802,125,000"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Rate","value":"(i) 3.75% per annum for Replacement Term Loans with an interest rate determined"},{"label":"Maturity","value":"January 15, 2031"},{"label":"Event","value":"amendment"}]},{"claim_id":"74f73a569dd13a5832f051f5271d228cfaf04f57","claim":"Bausch Health Companies Inc. amended Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, collateral agent, swingline lender and an issuing bank (effective 2026-01-02).","evidence_excerpt":"On January 2, 2026, Bausch + Lomb Corporation (“Bausch + Lomb”), a subsidiary of Bausch Health Companies Inc., entered into an amendment (the “Fourth Amendment”) to the Credit and Guaranty Agreement, dated as of May 10, 2022","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/885590/000095010326000052/0000950103-26-000052-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent, collateral agent, swingline lender and an issuing bank"},{"label":"Effective","value":"2026-01-02"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}