Eye Care Centers of America withdraws $375 million income securities offer

By Paul A. Harris

St. Louis, Dec. 10 - Eye Care Centers of America announced Friday that it has withdrawn its $375 million public offering of Income Units because of market conditions.

The San Antonio prescription optical retail chain owner made the announcement in a Registration Withdrawal filing with the Securities and Exchange Commission.

Merrill Lynch had the bookrunning mandate for the sale of the securities which were to have been comprised of class A shares of common stock and senior subordinated notes due 2014.

Proceeds were slated to repay debt and to redeem preferred and common equity.

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