---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-183310"
form_type: "8-K"
ticker: "BHC"
cik: "0000885590"
company_name: "Bausch Health Companies Inc."
filed_at: "2023-07-07T23:59:59+00:00"
generated_at: "2026-06-13T11:24:20.726023+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Bausch Health enters $600M non-recourse receivables financing with KKR

## Summary
- $600M revolving credit facility collateralized by accounts receivables, matures January 28, 2028.
- Interest at 1-month Term SOFR plus 6.65%; proceeds for general corporate purposes.
- Facility is non-recourse to Bausch Health, structured through subsidiary Bausch Receivables Funding LP.
- KKR acted as left lead arranger and structuring advisor; Houlihan Lokey financial advisor.
- Facility provides approximately five-year term liquidity; Finacity Corporation as program administrator.

## SEC filing metadata
- accession: 0001193125-23-183310
- form_type: 8-K
- ticker: BHC
- cik: 0000885590
- company_name: Bausch Health Companies Inc.
- filed_at: 2023-07-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885590/000119312523183310/0001193125-23-183310-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885590/000119312523183310/d478804d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-183310
- JSON: https://secwatch.observer/filing/0001193125-23-183310.json
- Plain text: https://secwatch.observer/filing/0001193125-23-183310.txt

## Key facts
- Debt Financings
  Bausch Health Companies Inc. incurred revolving credit of $600 million with GLAS USA LLC (Administrative Agent) and the Lenders from time to time party thereto at one month Term SOFR plus 6.65% maturing January 28, 2028.
  - Instrument: revolving credit
  - Principal: $600 million
  - Counterparty: GLAS USA LLC (Administrative Agent) and the Lenders from time to time party thereto
  - Rate: one month Term SOFR plus 6.65%
  - Maturity: January 28, 2028
  - Event: incurrence
  source text: The Credit Agreement provides for a $600 million revolving credit facility (the “Revolving Credit Facility”), subject to certain borrowing base tests, which matures on January 28, 2028. Loans under the Revolving Credit Facility bear interest at a rate equal to the sum of one month Term SOFR plus 6.65%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/885590/000119312523183310/0001193125-23-183310-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.