Advanced Medical Optics starts roadshow Tuesday for $175 million eight-year notes

By Paul A. Harris

St. Louis, Mo., May 31 - Advanced Medical Optics, Inc. will start the roadshow Tuesday for an offering of $175 million of senior subordinated notes due 2010 (expected ratings B3/B), according to a syndicate source.

The roadshow will run through June 12.

Merrill Lynch & Co. and Banc of America Securities are joint bookrunners.

The Rule 144A notes are non-callable for four years.

Proceeds will be used to fund the company's spin-off from Allergan, Inc. and to repay debt.

The Orange County, Calif.-based company produces medical devices for the eye and contact lens care products.

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