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Bausch & Lomb prolongs consent solicitation for 7 1/8% debentures, receives consents for other notes
By Jennifer Chiou
New York, Sept. 28 - Bausch & Lomb Inc. extended the consent solicitation for its $84.334 million of 7 1/8% debentures due 2028 to 5 p.m. ET on Sept. 28 from Sept. 27, according to an 8-K filing with the Securities and Exchange Commission.
The Rochester, N.Y., eye health company is also soliciting consents for its $133.195 million of 6.95% senior notes due 2007, $50 million of 5.90% senior notes due 2008, $155.902 million of 2004 senior convertible securities due 2023, $4.098 million of floating-rate convertible senior notes due 2023 and $0.421 million of 6.56% medium-term series B notes due 2026. Bausch & Lomb said it received consents from holders of a majority of the five notes series.
The company announced the consent solicitations on Sept. 20. It is seeking consents to amendments to the note indentures to waive certain events of default.
Bausch & Lomb said it will pay a consent fee of $1.00 per $1,000 principal amount of notes, plus an additional $1.00 per $1,000 principal amount for each month from the initial consent payment date to the earlier of the filing compliance date or Jan. 31, 2007.
Citigroup Global Markets Inc. is the solicitation agent.
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