05:00 PM EDT, 06/26/2025 (MT Newswires) -- Bausch + Lomb ( BLCO ) closed an upsized offering of 675 million euros ($789.6 million) in senior secured floating rate notes due Jan. 15, 2031.

The notes bear interest at the three-month Euro Interbank Offered Rate plus 3.875%, reset quarterly, the company said Thursday in a statement.

The company also completed a partial refinancing of its credit agreement, securing a $2.33 billion term B loan maturing in 2031 and an $800 million revolving credit facility maturing in 2030.

Net proceeds from the notes offering and term B loan will be used to repay outstanding borrowings under the existing credit facility, refinance term A and term B loans due 2027 and cover related fees and expenses.

Bausch + Lomb ( BLCO ) shares fell 1.9% in after-hours trading.