Company: BLCO
Filing Date: 2025-06-27
Form Type: 8-K
Source: 0001193125-25-149726
Chunk: 1

Company: Bausch & Lomb Corp
Filing Date: 2025-06-27
Form: 8-K
Item: Item 1.01
Chunk 1
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 on January 15, April 15, July 15 and October 15 of each year, beginning on January 15, 2026.

Guarantees

The Notes are initially jointly and severally guaranteed on a senior secured basis by the Company and each of the Company’s subsidiaries (other than the Issuers) that is a guarantor under the Credit Agreement (as defined below) (the “ Note Guarantors” and each, a “ Note Guarantor”). The Notes and the guarantees related thereto are senior obligations and are secured, subject to permitted liens and certain other exceptions, by the same first priority liens that secure borrowings under the Credit Agreement and the obligations under the Company’s 8.375% senior secured notes due 2028 (the “2028 Notes”).

Ranking

The Notes and the guarantees related thereto:

  are general secured obligations of the Issuers and the Note Guarantors, as applicable, secured by a first-priority lien (subject to permitted liens and certain other exceptions) on the collateral;  

  rank pari passu in right of payment with each other and all existing and future unsubordinated indebtedness of the applicable Issuer or Note Guarantor;  

  are senior in right of payment to all existing and future indebtedness of the applicable Issuer or Note Guarantor that expressly provides for its subordination to the Notes or the applicable gu...  

  rank effectively pari passu with all existing and future indebtedness secured by a first priority lien on the collateral (including the credit facilities under the Credit Agreement and the 2028...  

  are (x) structurally subordinated to all existing and future indebtedness and other liabilities of any of the Company’s subsidiaries (other than the Issuers) that do not guarantee the Notes to ...  

  rank effectively senior to all existing and future indebtedness that is unsecured of the applicable Issuer or Note Guarantor or that is secured by junior liens, in each case to the extent of th...  

Optional Redemption

The Notes will be redeemable at the option of the Issuers, in whole or in part, at any time on or after June 30, 2026 at a redemption price equal to 100.000% of the principal amount of Notes being redeemed, plus accrued and unpaid interest to, but not including, the redemption date.

In addition, the Issuers may redeem some or all of the Notes prior to June 30, 2026 at a price equal to