Bausch + Lomb closes €675M notes offering and $2.325B term loan refinancing, extends maturities to 2031

Bausch & Lomb Corp

€675M senior secured floating rate notes due Jan 15, 2031, at EURIBOR + 3.875%, priced at 99.5%.
$2.325B term B loans due 2031 at SOFR+4.25% or base+3.25%; $800M revolver replaced $500M revolver.
Proceeds used to repay 2027 term A and B loans and revolver; first-lien net leverage covenant raised to 5.75:1 (stepping down).
Term loans amortize at 1% per annum; first payment Sept 30, 2025.
Notes secured on first-priority basis by collateral also securing existing credit and senior secured notes.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.