Bausch + Lomb Secures $2.8 Billion Replacement Term Loan to Refinance Existing Debt

Reuters
Jan 03
Bausch + Lomb Secures $2.8 Billion Replacement Term Loan to Refinance Existing Debt

Bausch + Lomb Corporation has completed a refinancing of its outstanding term B loans through a new credit agreement amendment. The company secured $2.8 billion in new term B loans, replacing its previous loans due in 2028 and 2031. The new loans carry a lower interest margin—3.75% per annum for SOFR-based loans and 2.75% per annum for loans based on the alternate base rate—representing a reduction from the rates of the previous agreements. The loans mature on January 15, 2031, effectively extending the maturity of the earlier 2028 loans. The first payment installment is set for June 30, 2026, with a 1% annual amortization rate.

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