[ad_1]
LAVAL, QC and VAUGHAN, ON, May 5, 2022 /PRNewswire/ — Bausch + Lomb Corporation (“Bausch + Lomb”), a wholly owned subsidiary of Bausch Health Companies Inc. BHC (“Bausch Health”), today announced the pricing of its initial public offering (“IPO”) of 35,000,000 common shares at a public offering price of $18.00 per share. A wholly owned subsidiary of Bausch Health (the “Selling Shareholder”) is offering all of the common shares, and Bausch + Lomb will not receive any of the proceeds from the IPO. The Selling Shareholder has granted the underwriters a 30-day option to purchase up to an additional 5,250,000 common shares of Bausch + Lomb to cover over-allotments, if any, at the initial public offering price, less underwriting commissions.
The common shares have been approved for listing on the New York Stock Exchange (“NYSE”) and conditionally approved for listing on the Toronto Stock Exchange (“TSX”). The common shares are expected to begin trading on the NYSE and on an “if, as and when issued basis” on the TSX on May 6, 2022, in each case under the ticker symbol “BLCO.” The offering is expected to close on May 10, 2022, subject to customary closing conditions.
Following the IPO, Bausch Health, together with its subsidiaries, will hold approximately 90% of the common shares of Bausch + Lomb, or 88.5% of the common shares of Bausch + Lomb if the underwriters’ over-allotment option is exercised in full.
Morgan Stanley and Goldman Sachs & Co. LLC are acting as joint lead book-running managers for the IPO. Citigroup, J.P. Morgan, Barclays, BofA Securities, Guggenheim Securities, Jefferies, Evercore ISI, Wells Fargo Securities and Deutsche Bank Securities are acting as joint book-running managers for the IPO, and DNB Markets, HSBC, Truist Securities, AmeriVet Securities, Loop Capital Markets, Ramirez & Co., Inc., R. Seelaus & Co., LLC, Siebert Williams Shank and Stern are acting as co-managers for the IPO.
A registration statement relating to these securities has been…
[ad_2]
