02:41 PM EDT, 03/25/2025 (MT Newswires) -- Bausch Health Companies ( BHC ) on Tuesday priced its previously announced offering of US$4.4 billion aggregate principal amount of 10% senior secured notes due 2032 through an indirect wholly owned subsidiary.

The company said the offering was upsized from an initial offering size of $4 billion aggregate principal amount and is expected to close the offering on April 8.

Bausch Health ( BHC ) intends to use the proceeds from the offering and borrowings under the New Term Loan Facility to: repay in full and cancel its existing credit agreement; and redeem all of its 5.500% Senior Secured Notes due 2025, 9.000% Senior Notes due 2025, 6.125% Senior Secured Notes due 2027, 5.750% Senior Secured Notes due 2027 and its indirect unit's 9.000% Senior Secured Notes due 2028; and pay related fees, premiums and expenses; and for general corporate purposes.

Shares of the company were last seen udown 0.85% at $10.33 on the Toronto Stock Exchange.

Price: 10.37, Change: -0.05, Percent Change: -0.48