Bausch+Lomb completes $1.75B XIIDRA acquisition; issues $1.9B in debt at 8.375%

Bausch & Lomb Corp

Acquisition closed Sep 29, 2023; upfront cash $1.75B, potential milestones up to $750M.
Financed with $1.9B debt: $1.4B 8.375% Senior Secured Notes due Oct 2028 and $500M term B loans.
Pro forma long-term debt rises to $4.464B (from $2.604B); total assets $13.185B.
Acquired Assets add $1.72B in intangible assets; goodwill increases by $23M.
Pro forma financials reflect transaction accounting adjustments; no integration synergies assumed.

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