Bausch + Lomb gets tenders for $74.69 million 9 7/8% notes due 2015

By Susanna Moon

Chicago, Aug. 20 - Bausch & Lomb Inc. said holders tendered $74,691,000 of its 9 7/8% senior notes due 2015 by the end of the offer at 11:59 p.m. ET on Aug. 17 to purchase up to $300 million of the notes.

The company said on Aug. 6 that it extended the early tender date of the tender offer to coincide with the expiration date.

As a result, all holders who tendered their notes in the offer will receive the total purchase price of $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, which is now Aug. 22.

The tender offer began on July 23, and the early tender date was originally for 5 p.m. ET on Aug. 3.

The tender offer was 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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