Bausch Health (BHC) said Wednesday it launched the syndication of at least $3.8 billion in new senior secured credit facilities through its subsidiary.
The facilities are expected to include a five-year, $400 million revolving credit facility and a 5.5-year, $3.4 billion term loan B facility, the company said.
Proceeds will be used to repay and terminate Bausch's existing credit agreement, redeem multiple series of notes, and for general corporate purposes, according to the company.
Price: 6.98, Change: -0.03, Percent Change: -0.43
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.