Mentor secures funds to pay call or put of 2.75% convertibles

By Angela McDaniels

Tacoma, Wash., Oct. 1 - Mentor Corp. amended its credit facility so that proceeds from the facility can be used to repay its 2.75% convertible subordinated notes due 2024, according to an 8-K filing with the Securities and Exchange Commission.

The $125 million of notes have a put option in December and become callable that same month.

The amendment also gives the company continued access to the facility through its proposed reorganization into a holding company structure.

Santa Barbara, Calif.-based Mentor develops products for the aesthetics and general surgery markets.

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