Bausch + Lomb exploring sale options

Company operates a contact lens manufacturing facility in Waterford where approximately 1,500 people are employed.

Separate from the refinancing option, Bausch + Lomb is exploring a sale of itself, which could draw interest from private equity buyers.

Bausch Health 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.