Company: BLCO
Filing Date: 2025-12-12
Form Type: 8-K
Source: 0000950103-25-016088
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Company: Bausch & Lomb Corp
Filing Date: 2025-12-12
Form: 8-K
Item: Item 8.01
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Item 8.01      Other Events.  

Credit Agreement Refinancing

On December 12, 2025, Bausch + Lomb Corporation
(the “ Company” or “ Bausch + Lomb”) announced that it allocated a $2,802,125,000 tranche (the “ Replacement
Term Loans”) of new term B loans, the proceeds of which will be used to refinance all of its outstanding term B loans due 2031 (the
“ Third Amendment Term Loans”) and its outstanding term B loans due 2028 (the “ First Incremental Term Loans”).
The applicable margin is anticipated to be (i) 3.75% per annum for Replacement Term Loans with an interest rate determined by reference
to term SOFR and (ii) 2.75% per annum for Replacement Term Loans with an interest rate determined by reference to the alternate base rate;
the margin applicable to the Replacement Term Loans represents a 0.50% per annum reduction for the Third Amendment Term Loans and a 0.25%
per annum reduction for the First Incremental Term Loans. The Replacement Term Loans will mature on January 15, 2031, which is same maturity
date as the Third Amendment Term Loans and which represents a maturity extension of the First Incremental Term Loans from September 29,
2028.

The foregoing transactions are anticipated to
close in the first quarter of 2026; however, there can be no assurances that the Company will be able to complete the foregoing transactions
on the terms described above or at all.

The foregoing is qualified by reference to the
press release attached as Exhibit 99.1 to this Current Report on Form 8-K, which is incorporated herein by reference.

The foregoing may contain forward-looking information
and statements within the meaning of applicable securities laws (collectively, “forward-looking statements”), including, but
not limited to, our refinancing plans and the details thereof, including the Replacement Term Loans, the proposed use of proceeds therefrom
and the details thereof, our ability to complete the transactions described in this Current Report on Form 8-K, and the other expected
effects thereof. Forward-looking statements may generally be identified by the use of the words “anticipates,” “seeks,”
“expects,” “plans,” “should,” “could,” “would,” “may,” “will,”
“believes,” “potential,” “pending” or “proposed” and variations or similar expressions.
These statements are based upon