Bausch Health Taps Jefferies to Refinance Debt, Aid Spinoff
- Firm explores completing spinoff of stake in Bausch + Lomb
- Bausch + Lomb is separately mulling a sale of itself
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Bausch Health Cos. is working with Jefferies Financial Group to explore refinancing some of its debt to aid a long-planned spinoff of its stake in the eye-care company Bausch + Lomb, according to people with knowledge of the situation.
The effort to push out maturities on some of the company’s debt is aimed at vanquishing roadblocks that have delayed the would-be spinoff for years, said the people, who asked not to be identified discussing private negotiations.