Advanced Medical Optics redeems $3 million of 3.5% notes

By Sheri Kasprzak

Atlanta, April 18 - Advanced Medical Optics, Inc. said it has redeemed $3 million in principal of its 3.5% convertible senior subordinated notes due in 2023 in exchange for common shares.

The company issued a total of 160,695 shares for the notes.

The company initially issued $140 million in June 2003.

Advanced Medical Optics, based in Santa Ana, Calif., manufactures and markets ophthalmic surgical and eye-care products.

On Monday, the company's stock closed up $0.29 at $38.02.

© 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.