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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Name of Issuer)

(Title of Class of Securities)

(CUSIP Number)

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13D/A 0000928464-21-000036 0000921669 XXXXXXXX LIVE 6 Common Stock, no par value 05/20/2025 false 0000885590 071734107 Bausch Health Companies Inc. 2150 ST. ELZEAR BLVD. WEST LAVAL QUEBEC A8 H7L 4A8 Jesse Lynn, Esq. (305) 422-4100 16690 Collins Avenue, Suite PH-1 Sunny Isles Beach FL 33160 0001322827 N Icahn Partners Master Fund LP WC N DE 14423595.00 0.00 14423595.00 0.00 14423595.00 N 3.9 PN 0001322825 N Icahn Offshore LP OO N DE 0.00 14423595.00 0.00 14423595.00 14423595.00 N 3.9 PN 0001313666 N Icahn Partners LP WC N DE 20297523.00 0.00 20297523.00 0.00 20297523.00 N 5.5 PN 0001322826 N Icahn Onshore LP OO N DE 0.00 20297523.00 0.00 20297523.00 20297523.00 N 5.5 PN 0001412093 N Icahn Capital LP OO N DE 0.00 34721118.00 0.00 34721118.00 34721118.00 N 9.4 PN 0001412091 N IPH GP LLC OO N DE 0.00 34721118.00 0.00 34721118.00 34721118.00 N 9.4 PN 0001034563 N Icahn Enterprises Holdings L.P. OO N DE 0.00 34721118.00 0.00 34721118.00 34721118.00 N 9.4 PN 0001257324 N Icahn Enterprises G.P. Inc. OO N DE 0.00 34721118.00 0.00 34721118.00 34721118.00 N 9.4 CO 0001080113 N Beckton Corp. OO N DE 0.00 34721118.00 0.00 34721118.00 34721118.00 N 9.4 CO 0000921669 N Carl C. Icahn OO N FL 0.00 34721118.00 0.00 34721118.00 34721118.00 N 9.4 IN Common Stock, no par value Bausch Health Companies Inc. 2150 ST. ELZEAR BLVD. WEST LAVAL QUEBEC A8 H7L 4A8 On May 20, 2025, the Reporting Persons, Brett Icahn and Steven Miller (collectively, the "Icahn Group") entered into a Supplemental Letter Agreement (the "Supplemental Letter Agreement") with the Issuer. Pursuant to the Supplemental Letter Agreement, the Icahn Group has agreed that if it engages in a Specified Action (as such term is defined in the Supplemental Letter Agreement), then (i) its designees serving on the board of directors of the Issuer (the "BHC Board") shall immediately tender their resignations from the BHC Board and from the board of directors of Bausch + Lomb Corporation (the "B+L Board"), and (ii) it shall irrevocably waive its rights under specified provisions of the Amended and Restated Director Appointment and Nomination Agreement, dated June 21, 2022, between Bausch + Lomb Corporation and certain members of the Icahn Group (the "B+L DANA"), including the right to designate any Replacement Designees (as such term is defined in the B+L DANA). In addition, pursuant to the Supplemental Letter Agreement, so long as no member of the Icahn Group has engaged in a Specified Action, the Issuer has agreed (i) if such person or member of the Icahn Group (each, an "Icahn Group Designee") is named as a management nominee for election to the B+L Board at any meeting of shareholders of Bausch + Lomb Corporation, then the Issuer shall vote or cause to be voted all voting securities of Bausch + Lomb Corporation owned or controlled by the Issuer for each such Icahn Group Designee, and (ii) such Icahn Group Designee will also have the right to be appointed to any newly-created committees of the BHC Board, absent actual conflicts of interest. The foregoing description of the Supplemental Letter Agreement is qualified in its entirety by reference to the full text of the Supplemental Letter Agreement, a copy of which is incorporated by reference herein. The disclosure set forth above in Item 4 is incorporated herein by reference. 1. Supplemental Letter Agreement among the Reporting Persons, Brett Icahn, Steven Miller and the Issuer (incorporated by reference to Exhibit 10.2 to the Current Report on Form 8-K filed by the Issuer with the SEC on May 21, 2025). Icahn Partners Master Fund LP /s/ Jesse Lynn Jesse Lynn / Chief Operating Officer 05/21/2025 Icahn Offshore LP /s/ Jesse Lynn Jesse Lynn / Chief Operating Officer 05/21/2025 Icahn Partners LP /s/ Jesse Lynn Jesse Lynn / Chief Operating Officer 05/21/2025 Icahn Onshore LP /s/ Jesse Lynn Jesse Lynn / Chief Operating Officer 05/21/2025 Icahn Capital LP /s/ Jesse Lynn Jesse Lynn / Chief Operating Officer 05/21/2025 IPH GP LLC /s/ Ted Papapostolou Ted Papapostolou / Vice President 05/21/2025 Icahn Enterprises Holdings L.P. /s/ Ted Papapostolou Ted Papapostolou / Vice President 05/21/2025 Icahn Enterprises G.P. Inc. /s/ Ted Papapostolou Ted Papapostolou / Vice President 05/21/2025 Beckton Corp. /s/ Ted Papapostolou Ted Papapostolou / Vice President 05/21/2025 Carl C. Icahn /s/ Carl C. Icahn Carl C. Icahn 05/21/2025