---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-232026"
form_type: "8-K"
ticker: "BHC"
cik: "0000885590"
company_name: "Bausch Health Companies Inc."
filed_at: "2023-09-11T23:59:59+00:00"
generated_at: "2026-06-10T21:57:08.661862+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Bausch + Lomb launches $1.4B notes offering and $500M term loan for XIIDRA acquisition

## Summary
- Bausch + Lomb Escrow Corp. launched $1.4B senior secured notes due 2028; Bausch + Lomb seeks $500M incremental term B loan.
- Net proceeds to fund XIIDRA acquisition, fees, expenses, and general corporate purposes including debt repayment.
- Notes offering not conditioned on acquisition close; if not closed by Sept 30, 2024, notes redeemed at par plus accrued interest.
- Preliminary purchase price allocation adjustments: prepaid assets reduced $22M, non-current liabilities reduced $12M, goodwill increased $10M.
- Adjustments reduced amortization expense by $43M for FY2022 and $20M for six months ended June 2023; no impact on revenue or Adj. EBITDA.

## SEC filing metadata
- accession: 0001193125-23-232026
- form_type: 8-K
- ticker: BHC
- cik: 0000885590
- company_name: Bausch Health Companies Inc.
- filed_at: 2023-09-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885590/000119312523232026/0001193125-23-232026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885590/000119312523232026/d528926d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-232026
- JSON: https://secwatch.observer/filing/0001193125-23-232026.json
- Plain text: https://secwatch.observer/filing/0001193125-23-232026.txt

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