Bausch + Lomb Corporation announced the allocation of Replacement Term Loans to refinance its outstanding term B loans.
The Replacement Term Loans amount to $2,802,125,000 and will mature on January 15, 2031.
The company anticipates closing the transactions in the first quarter of 2026 but highlights uncertainties in completing them as described.
Loan Refinancing
Replacement Term Loans will refinance outstanding term B loans, with margins reduced by 0.50% and 0.25% per annum.
Maturity Extension
Maturity of the Replacement Term Loans extended to January 15, 2031, aligning with the Third Amendment Term Loans.
Closing Uncertainty
No guarantees on completing the transactions as described, introducing potential risks and challenges.
- The refinancing aims to improve financial flexibility and potentially reduce interest expenses for Bausch + Lomb Corporation.
- Maturity extension provides a longer-term outlook for managing debt obligations and enhances strategic planning capabilities.
The announcement of the refinancing of term B loans by Bausch + Lomb Corporation introduces financial maneuvering opportunities and strategic enhancements amidst market uncertainties.