secwatch.observer — SEC 8-K summary
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Issuer:     Bausch & Lomb Corp (BLCO)
CIK:        0001860742
Form:       8-K/A
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001193125-23-276133
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1860742/000119312523276133/0001193125-23-276133-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1860742/000119312523276133/d295292d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-276133

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