Core Viewpoint - Bausch + Lomb Corporation has successfully closed a credit agreement refinancing, entering into a fourth amendment to its existing credit agreement, which includes a new tranche of term B loans totaling $2,802,125,000 to refinance existing loans due in 2028 and 2031 [1] Group 1: Credit Agreement Details - The new Replacement Term Loans have an amortization rate of 1.00% per annum, with the first installment due on June 30, 2026 [2] - The applicable margin for the Replacement Term Loans is set at 3.75% per annum for loans tied to term SOFR and 2.75% per annum for those tied to the alternate base rate, reflecting a reduction of 0.50% and 0.25% respectively from previous loans [2] - The maturity date for the Replacement Term Loans is January 15, 2031, which aligns with the maturity date of the previously existing loans, effectively extending the maturity of the First Incremental Term Loans from September 29, 2028 [2] Group 2: Company Overview - Bausch + Lomb is a leading global eye health company focused on improving vision and quality of life for individuals worldwide, with a commitment to innovation in eye care [3] - The company has a diverse product portfolio that includes contact lenses, prescription products, over-the-counter options, and surgical devices, aimed at enhancing patient outcomes [3]

Kimball Electronics Conference Call Summary Company Overview - **Company**: Kimball Electronics (NasdaqGS:KE) - **Industry**: Electronic Manufacturing Services (EMS) and Contract Manufacturing Organization (CMO) focused on medical devices, automotive, and industrial sectors - **Headquarters**: Jasper, Indiana, with global operations in Asia (Thailand, Nanjing, China), Europe (Romania, Poland), and North America [4][6] Key Financials - **Revenue**: Approximately $1.5 billion in fiscal 2025 [5] - **Medical Segment**: Represents 27% of total revenue, with expectations for significant growth [48] Strategic Focus - **Core Business**: Emphasis on complex, high-quality products with stringent regulatory requirements, particularly in the medical sector [4][12] - **Growth Strategy**: Focus on expanding the medical CMO space, leveraging cash flow from automotive and industrial sectors to reinvest in medical [7][12] - **Recent Performance**: Double-digit growth in the medical segment for the last three quarters, with expectations for continued strong growth [12][13] Market Position and Competitive Advantages - **Quality Standards**: FDA qualified with a 99.999% quality expectation, differentiating Kimball in the medical CMO space [13] - **Customer Relationships**: 75% of customers have been with Kimball for over a decade, indicating strong long-term partnerships [14] - **Flexibility and Responsiveness**: High marks for flexibility and senior management attention to customer needs [14] Product and Service Offerings - **Medical Products**: Focus on respiratory care, drug delivery systems, surgical devices, and patient monitoring equipment [25][27] - **Manufacturing Capabilities**: Transitioning to higher-level assembly, with over half of medical products now involving full assembly [27] Future Growth Opportunities - **Facility Expansion**: New facility in Indianapolis aimed at increasing capacity for medical device production, with potential for further expansion [11][16] - **Inorganic Growth**: Actively considering mergers and acquisitions to enhance capabilities and market reach, particularly in the medical CMO space [17][41] - **Market Trends**: Observing a trend towards outsourcing manufacturing in the medtech and pharmaceutical sectors, which could benefit Kimball [70][71] Customer Insights - **Major Client**: Long-term partnership with Philips, serving multiple business units and adapting to their needs amid regulatory challenges [50][55] - **Geographic Growth**: Medical business growth is split between North America, Asia, and Europe, with robust performance in Asia and Europe [57][58] Conclusion - **Investment Potential**: Kimball Electronics is positioned for significant growth in the medical sector, supported by strong customer relationships, a focus on quality, and strategic investments in new facilities and capabilities [12][14][67]