$BLCO

Bausch & Lomb Corp

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Icahn Money Manager Sues His Bosses and Bausch + Lomb Over Anti-White Bias

A money manager at Carl Icahn’s firm, Steven Miller, is suing Bausch + Lomb and his employers, alleging discrimination based on race. Miller claims he was denied a board seat at Bausch + Lomb because the company required one of Icahn Capital's two board nominees to be "diverse," leading to a fellow money manager getting the position. He is seeking at least $221 million in damages, arguing the decision violates Title VII of the Civil Rights Act of 1964.

Bausch + Lomb Announces Refinancing of Outstanding Term B Loans

Bausch + Lomb Corporation has announced the allocation of a $2.8 billion new term B loan to refinance all outstanding term B loans due in 2031 and 2028. This refinancing is expected to result in a reduction of the applicable interest margin by 0.50 percent for 2031 loans and 0.25 percent for 2028 loans. The transactions are projected to close in the first quarter of 2026.