secwatch.observer — SEC 8-K summary
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Issuer:     Bausch Health Companies Inc. (BHC)
CIK:        0000885590
Form:       8-K
Filed at:   2025-06-27T23:59:59+00:00
Accession:  0001193125-25-149731
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bausch + Lomb closes upsized €675M senior secured notes and $2.325B term loan refinancing
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- Issued €675M senior secured floating rate notes due 2031 at 3-month EURIBOR+3.875%.
- Entered $2.325B term B loan facility due 2031; amortization 1% p.a., first payment Sept 2025.
- Established new $800M revolver due 2030, replacing $500M facility; covenant levels increased to max 5.75x first lien net leverage.
- Proceeds used to repay existing revolver and refinance term A and B loans due 2027.
- Third Amendment provides additional transaction flexibility and modified financial covenant levels.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885590/000119312525149731/0001193125-25-149731-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885590/000119312525149731/d949183d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-149731

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