Bausch Health Companies Inc. announced the commencement of offers to exchange outstanding Senior Secured Notes.
The exchange involves the Existing Senior Secured Notes for up to $1.6 billion aggregate principal amount of new Senior Secured Notes due 2032.
The Offers are part of the Company's debt management strategy to handle intermediate term debt maturities.
Maximum Notes Amount
Up to $1.6 billion aggregate principal amount for the exchange.
New Notes Details
New 10.00% Senior Secured Notes due 2032 to be issued for the exchange.
Offer Expiry Date
Offers scheduled to expire on December 23, 2025, unless extended.
- The exchange offers aim to optimize the Company's debt structure and manage debt maturities effectively.
- This strategic move will impact the Company's financial obligations and interest payments in the coming years.
The launch of the exchange offers signifies Bausch Health's proactive approach to debt management and financial planning. It reflects the Company's commitment to maintaining a balanced financial footing.