Advanced Medical exchanges further $3 million convertibles for stock

New York, Aug. 3 - Advanced Medical Optics Inc. said it exchanged a further $3.0 million of its 3½% convertible senior subordinated notes for common stock after the end of its second quarter on June 25.

The exchanges were in addition to the previously announced $108.6 million principal amount of convertibles exchanged during June before the end of the quarter. Those securities were exchanged for 5.8 million shares of common stock and $4.6 million in cash.

Advanced Medical is a Santa Ana, Calif., maker of ophthalmic surgical devices and eye care products.

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