EyeCare Partners Announces Refinancing Transactions, Secures New Money Investment

EyeCare Partners LLC (“EyeCare Partners”, or the “Company”), the nation’s leading provider of clinically integrated eye care, announces it has closed a private debt exchange with holders of a majority of its existing term loans. In addition, the Company plans to launch a public debt exchange offer to remaining lenders, which is expected to further benefit the Company through incremental debt discount capture and debt service flexibility. The completed transaction signals stakeholder confidence in EyeCare Partners and provides significant liquidity benefit through a combination of $275 million of new money, meaningful cash-to-paid-in-kind interest conversion and discount capture.

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Source: https://www.businesswire.com/news/home/20240417525976/en/EyeCare-Partners-Announces-Refinancing-Transactions-Secures-New-Money-Investment

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