Bausch Health Companies Inc. announced the final results and expiration of their exchange offers.
Existing Senior Secured Notes were exchanged for New Notes with a total principal amount of $1.6 billion.
The Offers expired on December 23, 2025, at 5:00 p.m., New York City time.
Total Principal Amount Offered
Up to $1.6 billion aggregate principal amount of 10.00% Senior Secured Notes due 2032 were offered for exchange.
Existing Senior Secured Notes
$2.7 billion of Existing Senior Secured Notes had been tendered and not withdrawn by the Expiration Time.
Acceptance of Offers
Approximately $1,600 million principal amount of New Notes is expected to be issued upon settlement.
- As reported, a significant amount of Existing Senior Secured Notes were tendered for exchange, indicating investor interest.
- The acceptance of the Offers will result in the issuance of a substantial amount of New Notes, impacting the Company's debt structure and financial obligations.
The successful exchange offers demonstrate investor confidence in Bausch Health Companies Inc.'s securities and financial decisions. The issuance of New Notes will reshape the Company's financial landscape.