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Eye Care Centers of America withdraws $375 million income securities offer
By Paul A. Harris
St. Louis, Dec. 10 - Eye Care Centers of America announced Friday that it has withdrawn its $375 million public offering of Income Units because of market conditions.
The San Antonio prescription optical retail chain owner made the announcement in a Registration Withdrawal filing with the Securities and Exchange Commission.
Merrill Lynch had the bookrunning mandate for the sale of the securities which were to have been comprised of class A shares of common stock and senior subordinated notes due 2014.
Proceeds were slated to repay debt and to redeem preferred and common equity.
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