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Bausch Health Announces Pricing of Upsized Private Offering of Senior Secured Notes

1. Bausch Health issued $4.4 billion senior secured notes due 2032. 2. Notes carry a 10.000% interest rate creating additional debt obligations.

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FAQ

Why Bearish?

The substantial debt issuance may negatively affect BHC's financial stability. Previous debt issuances have impacted stock prices negatively, indicating investor concerns.

How important is it?

The magnitude of the offering signals potential financial strain, influencing future investor sentiment and company valuations.

Why Long Term?

The effects of increased debt will be felt over time as interest impacts profitability, similar to past debt accumulation cases.

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LAVAL, QC / ACCESS Newswire / March 25, 2025 / Bausch Health Companies Inc. (NYSE:BHC)(TSX:BHC) (the "Company" or "Bausch Health") today announced that it has priced its previously announced offering (the "Offering") of $4.4 billion aggregate principal amount of 10.000% senior secured notes due 2032 (the "Notes") through its indirect wholly-owned subsidiary, 1261229 B.C. Ltd. (the "Issuer"), a company incorporated under the laws of British Columbia, Canada (the "Issuer") that, at the closing of the transactions will be a non-guarantor restricted subsidiary under the indentures that govern the Company's existing senior notes.

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