08:54 AM EDT, 06/10/2025 (MT Newswires) -- Bausch + Lomb Corporation ( BLCO ) , a global eye health company, announced Tuesday that its subsidiaries, Bausch+Lomb Netherlands B.V. and Bausch & Lomb Incorporated, have launched an offering of 600 million euros aggregate principal amount of senior secured floating rate notes.

In connection with the notes offering, BLCO has also launched a partial refinancing of its credit agreement, whereby the company intends to obtain a $2.2 billion new term B loan facility and a new $800 million revolving credit facility. The company said it intends to use the net proceeds from the notes offering and the new term B loan facility, together with borrowings under the new revolving credit facility, to repay certain outstanding borrowings under its existing revolving credit facility, to refinance in full its outstanding term A loans due 2027 and term B loans due 2027, and to pay related fees and expenses, with any remaining amounts to be used for general corporate purposes.

It added the closing of the notes offering is not contingent upon the closing the New Term B Loan Facility or the New Revolving Credit Facility.