secwatch.observer — SEC 8-K summary
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Issuer:     Bausch & Lomb Corp (BLCO)
CIK:        0001860742
Form:       8-K
Filed at:   2025-06-27T23:59:59+00:00
Accession:  0001193125-25-149726
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1860742/000119312525149726/0001193125-25-149726-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1860742/000119312525149726/d932769d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-149726

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