Company: BLCO
Filing Date: 2025-06-27
Form Type: 8-K
Source: 0001193125-25-149726
Chunk: 4

Company: Bausch & Lomb Corp
Filing Date: 2025-06-27
Form: 8-K
Item: Item 1.01
Chunk 4
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) 5.25:1.00 commencing with the thirteenth full fiscal quarter after the Effective Date and (iii) 5.00:1.00 commencing with the seventeenth full fiscal quarter after the Effective Date), as opposed to the previous level of 4.50:1.00 and (B) provide that the Revolving Facility Test Condition relating to such financial covenant occurs upon the utilization of at least 35% of the revolving facility, as opposed to the previous utilization level of at least 40%.

In addition, the Third Amendment included modifications to certain negative covenant and other provisions of the Credit Agreement designed to provide the Company and its subsidiaries with increased flexibility, as set forth in the Credit Agreement, as amended by the Third Amendment.

The foregoing description of the Third Amendment is not complete and is qualified in its entirety by reference to the full text of the Credit Agreement, as amended by the Third Amendment, a copy of which is attached as Exhibit 10.1 to this Current Report on Form8-Kand incorporated herein by reference.

  Item 2.03      Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.  

The information included in Item 1.01 above is incorporated by reference into this Item 2.03.

  Item 8.01      Other Events.  

On June 26, 2025, the Company issued a press release announcing the closing of the Notes offering and the partial Credit Agreement refinancing, consisting of the Refinancing Term Loans and the New Revolving Credit Facility. A copy of this press release is attached as Exhibit 99.1 to this Current Report on Form8-Kand is incorporated herein by reference.