debt
confidence high
sentiment neutral
materiality 0.65
Bausch + Lomb subsidiary prices $1.4B 8.375% senior secured notes due 2028
Bausch Health Companies Inc.
- Bausch + Lomb subsidiary Bausch + Lomb Escrow Corp. priced $1.4B of 8.375% senior secured notes due 2028.
- Notes priced at 100% of principal; exempt from registration under Securities Act and Canadian securities laws.
- Proceeds expected to fund pending acquisition of XIIDRA and other ophthalmology assets.
- Offering is part of Bausch + Lomb's financing for the acquisition.