By Adriano Marchese


Bausch Health Cos. Inc. said Thursday that it plans to raise $1 billion by way of a senior secured notes offering.

The Canadian specialty pharmaceutical company said it will use the proceeds toward the redemption of its outstanding 6.125% senior notes due in 2025, to refinance all of its existing Term B loans, as well as fund partial redemption of other outstanding senior notes.

The new senior secured notes being offered are due in 2027.

The company is seeking to refinance its existing credit agreement, which is expected to occur after completing the spinoff of Bausch + Lomb Corp.


Write to Adriano Marchese at adriano.marchese@wsj.com


(END) Dow Jones Newswires

01-27-22 0834ET