{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-291998","form_type":"8-K","ticker":"BHC","cik":"0000885590","company_name":"Bausch Health Companies Inc.","filed_at":"2025-11-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.480482+00:00","generated_at":"2026-05-16T17:29:23.317402+00:00","sec_items":["8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Bausch Health launches exchange of up to $1.6B notes, offers 10% senior secured notes due 2032","bullets":["Offers to exchange 4.875% and 11.00% Senior Secured Notes due 2028 for new 10.00% Senior Secured Notes due 2032; up to $1.6B aggregate principal.","Participating holders of ~$1.545B (46% outstanding) have agreed to tender under Transaction Support Agreement signed Nov 24, 2025.","Early tender deadline Dec 8, 2025; holders receive $100 early premium per $1,000 principal; total consideration up to $1,020/$887.50.","New notes will be fungible with existing $4.4B 10.00% Notes due 2032 issued April 2025, same CUSIP (except Reg S).","Offers expire Dec 23, 2025; acceptance subject to target ratio (52.6% 11.00% notes, 47.4% 4.875% notes)."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-291998","json":"https://secwatch.observer/filing/0001193125-25-291998.json","markdown":"https://secwatch.observer/filing/0001193125-25-291998.md","text":"https://secwatch.observer/filing/0001193125-25-291998.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/885590/000119312525291998/0001193125-25-291998-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/885590/000119312525291998/d72478d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T17:29:23.317402+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}