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Eye Care Centers of America parent company buys back $65.36 million 10¾% notes
By Angela McDaniels
Tacoma, Wash., May 12 - Eye Care Centers of America, Inc. said Highmark Inc. acquired $65.36 million of its 10¾% senior subordinated notes due 2015.
Highmark purchased the notes at par plus accrued interest on April 14 from some funds and accounts managed or advised by DDJ Capital Management, LLC, according to a company news release.
San Antonio-based Eye Care Centers operates optical retail stores and is a part of HVHC Inc.
HVHC is a subsidiary of Pittsburgh-based health insurer Highmark.
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