LAVAL, QC / ACCESS Newswire / December 23, 2025 / Bausch Health Companies Inc. (NYSE:BHC)(TSX:BHC) (the "Company") and its subsidiary 1261229 B.C. Ltd. (the "Issuer" and, together with the Company, the "Offerors") today announced the final results and expiration of their previously announced offers to exchange the Company's outstanding 4.875% Senior Secured Notes due 2028 (the "4.875% Notes") and 11.00% Senior Secured Notes due 2028 (the "11.00% Notes" and together with the 4.875% Notes, the "Existing Senio ...

Core Viewpoint - Bausch Health Companies Inc. is conducting an exchange offer for its outstanding senior secured notes, aiming to issue new notes with a higher interest rate to improve its debt structure [1] Group 1: Exchange Offer Details - The company announced offers to exchange its existing 4.875% and 11.00% Senior Secured Notes due 2028 for new 10.00% Senior Secured Notes due 2032 [1] - The maximum aggregate principal amount for the exchange is set at $1.6 billion [1] - The exchange offer is being conducted through the company's indirect wholly-owned subsidiary, 1261229 B.C. Ltd. [1]

Core Viewpoint - Bausch Health Companies Inc. is initiating an exchange offer for its existing senior secured notes, aiming to replace them with new notes that have a higher interest rate and extended maturity [1] Group 1: Exchange Offer Details - The company is offering to exchange its outstanding 4.875% Senior Secured Notes and 11.00% Senior Secured Notes for up to $1.6 billion in new 10.00% Senior Secured Notes due 2032 [1] - The exchange is being conducted through a confidential exchange offer memorandum dated November 24, 2025 [1] Group 2: Financial Implications - The new notes will have a higher interest rate of 10.00%, compared to the existing notes, which may indicate a strategic move to attract investors [1] - The maximum principal amount for the exchange is set at $1.6 billion, reflecting the company's efforts to manage its debt effectively [1]