Advanced Medical Optics tenders for 9¼% notes

New York, June 9 - Advanced Medical Optics Inc. said it has begun a cash tender offer for any and all its $70 million of 9¼% senior subordinated notes due 2010.

Advanced Medical is also soliciting consents to amend the indenture to, among other things, eliminate substantially all of the indenture's restrictive covenants and certain events of default.

The consent solicitation runs through 5 p.m. ET on June 21 while the tender offer ends at midnight ET on July 8.

Holders who tender by the consent date will receive a payment based on a 75 basis points spread over the yield on the 7% U.S. Treasury note due July 15, 2006 at 2 p.m. ET on June 22 and the notes' call price of $1,046.25 on their first call date of July 15, 2006.

Holders who tender after the consent date will receive $30.00 per $1,000 principal amount less.

Advanced Medical will also pay accrued interest.

The Santa Ana, Calif., maker of ophthalmic surgical and eye care products said the offer is subject to the receipt of consents from holders of a majority of the principal amount of the notes and completion of financing to fund the transaction.

Lehman Brothers Inc. (800 438-3242 or collect at 212 528-7581) is the dealer manager and solicitation agent, Mellon Investor Services LLC (877 698-6865) is the information agent and The Bank of New York is depositary.

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