Company: BLCO
Filing Date: 2025-06-27
Form Type: 8-K
Source: 0001193125-25-149726
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Company: Bausch & Lomb Corp
Filing Date: 2025-06-27
Form: 8-K
Item: Item 1.01
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Item 1.01      Entry into a Material Definitive Agreement.  

Secured Notes Offering

On June 26, 2025, Bausch + Lomb Corporation (the “ Company” or “ Bausch + Lomb”) announced that its subsidiaries, Bausch & Lomb Incorporated, a New York corporation, and Bausch+Lomb Netherlands B. V., a private company with limited liability ( besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of the Netherlands (together with Bausch & Lomb Incorporated, the “ Issuers”), completed the previously announced offering of €675 million aggregate principal amount of senior secured floating rate notes due 2031 (the “ Notes”).

The Notes were offered in the United States and sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “ Securities Act”), and outside the United States to non-U. S. persons pursuant to Regulation S under the Securities Act. The Notes were not and will not be qualified for sale to the public by prospectus under applicable Canadian securities laws and, accordingly, any offer and sale of the Notes in Canada has been and must be made on a basis which is exempt from the prospectus requirements of such securities laws.

The net proceeds from the Notes offering and the Refinancing Term Loans (as defined below) were used to repay in full the outstanding borrowings under the Company’s existing revolving credit facility, to refinance in full the Company’s outstanding term A loans due 2027 and term B loans due 2027 and to pay related fees and expenses.

The Notes Indenture

The Notes were issued pursuant to the indenture, dated as of June 26, 2025 (the “ Indenture”), by and among the Issuers, the guarantors named therein, Citibank, N. A., acting through its agency and trust division, as trustee, and as notes collateral agent and Citibank, N. A., London Branch, acting as paying agent, registrar, transfer agent and calculation agent.

Interest and Maturity

Pursuant to the Indenture, the Notes bear interest at the rate of three-month EURIBOR (with a 0% floor) plus 3.875% per year, reset quarterly, and will mature on January 15, 2031. Interest on the Notes will be payable quarterly in arrears