NYSE:BLCOMedical Equipment
How Refinancing With US$2.8 Billion in New Term Loans At Bausch + Lomb (BLCO) Has Changed Its Investment Story
Bausch + Lomb Corporation recently completed a refinancing of its credit agreement, arranging US$2.80 billions of new term B loans to replace existing facilities, lower interest margins and extend part of its debt maturities to January 15, 2031.
This refinancing not only trims annual borrowing costs through reduced SOFR- and base rate-linked margins, but also enhances balance sheet flexibility by pushing out earlier-term debt obligations.
We’ll now examine how this lower-cost,...