Advanced Medical Optics $175 million eight-year notes talked at 9½% area, pricing Thursday

By Paul A. Harris

St. Louis, Mo., June 11 - Official price talk of a yield in the 9½% area went out Tuesday on Advanced Medical Optics, Inc.'s upcoming offering of $175 million senior subordinated notes due 2010 (B3/B), according to a syndicate source. The deal is expected to price Thursday morning.

Merrill Lynch & Co. and Banc of America Securities are joint bookrunners.

The Rule 144A notes are non-callable for four years.

Proceeds will be used to fund the spin-off from Allergan and to repay debt.

The company markets and manufactures eye-care products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.