Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Eye Care Centers of America Inc. > News item |
Eye Care Centers of America redeems 10¾% notes; other notes called
By Jennifer Chiou
New York, Jan. 7 - Eye Care Centers of America, Inc. redeemed its 10¾% senior subordinated notes due 2015 using borrowings under a new credit agreement, according to an 8-K filing with the Securities and Exchange Commission.
On Wednesday, HVHC Inc., which indirectly wholly owns Eye Care Centers, announced the completion of a refinancing transaction in which it entered into the credit facility with a syndicate of lenders led by PNC Bank, NA.
Other proceeds from the credit agreement went toward more refinancing. Further, Eye Care Centers called all of its notes for redemption on Feb. 16.
San Antonio-based Eye Care Centers operates optical retail stores and is a part of HVHC. HVHC is a subsidiary of Pittsburgh-based health insurer Highmark.
© 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.