EyeCare Partners LLC (“EyeCare Partners”, or the “Company”), the nation’s leading provider of clinically integrated eye care, announces it has closed a follow-on debt exchange with holders of its existing term loans following an initial debt exchange closed in April. The combined exchanges represent participation of more than 98% of the Company’s first lien term loan holders, more than 91% of its second lien term loan holders and 100% of its Revolving Credit Facility (“RCF”) commitments. The closing of the initial exchange, follow-on exchange and $275 million new money superpriority term loan provides significant liquidity benefit and addresses a majority of the Company’s debt maturities through 2027.
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Source: https://www.businesswire.com/news/home/20240503013707/en/EyeCare-Partners-Announces-Refinancing-Transaction-Completion