Bausch + Lomb extends early tender date for 9 7/8% notes due 2015

By Angela McDaniels

Tacoma, Wash., Aug. 6 - Bausch & Lomb Inc. extended the early tender date of the tender offer for its 9 7/8% senior notes due 2015 to coincide with the expiration date, according to a company news release.

The early tender date and expiration date are now both 11:59 p.m. ET on Aug. 17. As a result, all holders who tender before the end of the offer will be eligible to receive the early tender premium of $30.00 per $1,000 principal amount of notes.

The company is offering to purchase up to $300 million of the notes. The price for the offer is $1,041.25 per $1,000 principal amount of notes, which includes the $30.00 early tender premium. Holders will also receive accrued interest up to but excluding the settlement date.

When the offer began on July 23, the early tender date was scheduled for 5 p.m. ET on Aug. 3.

Among other things, the tender offer is conditioned on the completion of the drawdown of Bausch + Lomb's delayed-draw term loan.

The dealer manager is Citigroup Global Markets Inc. (800 558-3745 or 212 723-6106). The tender and information agent is Global Bondholder Services Corp. (866 470-4500).

Bausch + Lomb makes contact lenses, ophthalmic surgical devices and instruments and ophthalmic pharmaceuticals and is based in Rochester, N.Y.

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