Bausch + Lomb to launch $2.5 billion term loan on Thursday

By Sara Rosenberg

New York, April 20 – Bausch + Lomb is scheduled to hold a lender call at 11 a.m. ET on Thursday to launch a $2.5 billion first-lien term loan, according to a market source.

Goldman Sachs Bank USA, Morgan Stanley Senior Funding Inc., Citigroup Global Markets Inc., JPMorgan Chase Bank and Barclays are the bookrunners on the deal. HSBC Securities (USA) Inc., Deutsche Bank Securities Inc., Truist, DNB, BofA Securities Inc. and Wells Fargo Securities LLC are the co-managers.

The term loan is being done in connection with the company’s spinoff from Bausch Health Cos. Inc. and will be used to fund an intercompany loan repayment to Bausch Health.

Bausch + Lomb is a Vaughan, Ont.-based eye health company.

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