Eye Care Centers of America parent company buys back $65.36 million 10¾% notes

By Angela McDaniels

Tacoma, Wash., May 12 - Eye Care Centers of America, Inc. said Highmark Inc. acquired $65.36 million of its 10¾% senior subordinated notes due 2015.

Highmark purchased the notes at par plus accrued interest on April 14 from some funds and accounts managed or advised by DDJ Capital Management, LLC, according to a company news release.

San Antonio-based Eye Care Centers operates optical retail stores and is a part of HVHC Inc.

HVHC is a subsidiary of Pittsburgh-based health insurer Highmark.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.