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Bausch Health Announces Launch of Syndication of New Senior Secured Credit Facilities

1. Bausch Health is securing $3.8 billion in new credit facilities. 2. The move addresses near-term financial obligations and refinancing efforts.

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FAQ

Why Bullish?

Accessing substantial credit facilities can enhance liquidity. Historical data shows that similar actions often stabilize or improve stock prices for companies in financial restructuring.

How important is it?

Securing new credit facilities reduces immediate liquidity concerns, which is pivotal for operational stability.

Why Short Term?

The immediate need to address near-term maturities indicates a critical short-term financial focus.

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Transaction is part of a broader refinancing initiative aimed at opportunistically accessing capital markets to address near- and mid-term maturities LAVAL, QC / ACCESS Newswire / March 19, 2025 / Bausch Health Companies Inc. (NYSE:BHC)(TSX:BHC) (the "Company" or "Bausch Health") today announced that it has launched the syndication of new senior secured credit facilities totaling at least $3.8 billion. The new senior secured credit facilities are expected to consist of (i) a 5-year senior secured revolving credit facility in an amount of at least $400 million (the "New Revolving Facility") and (ii) a $3,400 million 5.5-year secured term loan B facility (the "New Term Loan Facility" and, together with the New Revolving Facility, the "New Senior Secured Credit Facilities") through its indirect wholly-owned subsidiary, 1261229 B.C.

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