Bausch + Lomb Corporation announced the allocation of $2.8 billion in new term B loans, which will be used to refinance all of its outstanding term B loans due 2031 and 2028. The new Replacement Term Loans will carry an anticipated margin of 3.75% per annum for loans referenced to term SOFR and 2.75% per annum for those referenced to the alternate base rate, representing reductions of 0.50% and 0.25% per annum, respectively, compared to the previous loans. The Replacement Term Loans will mature on January 15, 2031, aligning with the maturity of the company's existing 2031 loans and extending the maturity of the 2028 loans. The transaction is expected to close in the first quarter of 2026, subject to customary conditions.
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