11:03 AM EDT, 06/10/2025 (MT Newswires) -- Bausch + Lomb ( BLCO ) said Tuesday that two of its units launched a 600 million euro ($685.6 million) offering of senior secured floating rate notes.

The company also said it initiated a partial refinancing of its credit agreement to obtain a $2.2 billion new term B loan facility and a new $800 million revolving credit facility.

Net proceeds from the offering, the new term B loan facility and the new revolving credit facility will be used to repay outstanding borrowings under its existing revolving credit facility and refinance outstanding term A and term B loans due 2027, Bausch + Lomb ( BLCO ) said.

The company said the remaining amounts will be used for general corporate purposes.

Shares were up 3.6% in recent trading.

Price: 12.11, Change: +0.42, Percent Change: +3.64