American Medical Systems considers convertibles issue to finance upcoming acquisition

By Jennifer Chiou

New York, June 8 - American Medical Systems Holdings, Inc. announced it is evaluating a possible issue of convertible senior subordinated notes as one of the financing options for its previously announced acquisition of Laserscope.

The companies earlier said they entered into a definitive merger agreement, under which American Medical Systems will pay $715 million for Laserscope's shares and options.

American Medical Systems already said that the financing of the transaction is fully committed though up to $565 million of senior secured financing from CIT Healthcare LLC and up to $180 million of senior subordinated unsecured financing from other lenders.

The company is considering the convertibles as a lower-cost financing option.

The Minneapolis company provides of pelvic health services to urologists.

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