04:55 PM EDT, 06/26/2025 (MT Newswires) -- Bausch + Lomb ( BLCO ) after close of trade Thursday said its Bausch+Lomb Netherlands B.V. and Bausch & Lomb Incorporated units closed the upsized offering of 675-million euro aggregate principal amount of senior secured floating rate notes due 2031.

The notes bear interest at the rate of three-month EURIBOR (with a 0% floor) plus 3.875% per year, reset quarterly, mature on Jan. 15, 2031, and were sold to investors at a price of 99.5% of the principal amount.

In addition Bausch + Lomb ( BLCO ) completed a partial refinancing of its credit agreement, entering into a third amendment to its existing credit agreement providing for a US$2.32-billion term B loan facility maturing in 2031 and an $800-million revolving credit facility maturing in 2030.

The company used the net proceeds from the notes offering and the New Term B Loans to repay in full the outstanding borrowings under its existing revolving credit facility and to refinance in full the outstanding term A loans due 2027 and term B loans due 2027 and to pay related fees and expenses.

The company's share closed down $0.15 to $16.59 on the Toronto Stock Exchange.