Bausch & Lomb to start roadshow Tuesday for $750 million three-part note offering

By Paul A. Harris

St. Louis, Oct. 3 - Bausch & Lomb will start a roadshow on Tuesday for its $750 million three-part note offering, according to an informed source.

The company is in the market with a $400 million tranche of eight-year senior notes and a $175 million tranche of eight-year senior toggle notes. Both come with four years of call protection.

In addition Bausch & Lomb is offering $175 million of 10-year senior subordinated notes with five years of call protection.

An investor call is set for Oct. 11.

The notes are expected to price late in the week of Oct. 15.

Credit ratings remain to be determined.

Banc of America Securities LLC is the left bookrunner for the Rule 144A with registration rights note offering. Credit Suisse, Citigroup and JP Morgan are joint bookrunners.

Proceeds will be used to help fund the leveraged buyout of the company by Warburg Pincus.

Bausch & Lomb is a Rochester, N.Y., eye health care company.

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