Bausch + Lomb Corp. has announced a significant refinancing move involving a new corporate loan and financing agreement. The company, through its subsidiaries Bausch+Lomb Netherlands B.V. and Bausch & Lomb Incorporated, is launching a €600 million senior secured floating rate notes offering. In conjunction with this, Bausch + Lomb aims to partially refinance its credit agreement by securing a $2.2 billion new term B loan facility and an $800 million new revolving credit facility. The proceeds will be used to repay existing borrowings, refinance outstanding term loans due in 2027, and cover related fees, with any surplus allocated for general corporate purposes. These transactions, pending market conditions, are designed to enhance the company's financial structure and are not contingent upon each other.
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