This excerpt taken from the EYE 8-K filed Mar 20, 2007.
Advanced Medical Optics, Inc. Announces Offering of Senior Subordinated Notes
(SANTA ANA, CA), March 19, 2007 Advanced Medical Optics, Inc. (AMO) [NYSE: EYE], today announced that it intends to offer, subject to market conditions and other factors, approximately $200 million aggregate principal amount of senior subordinated notes due 2017. The offering will be made only to qualified institutional buyers and non-U.S. foreign investors in accordance with Rule 144A and Regulation S, respectively, under the Securities Act of 1933. The notes will be unsecured senior subordinated obligations of AMO. The interest rate and other terms of the notes will be determined by negotiations between AMO and the initial purchasers of the notes.
AMO expects to use the net proceeds from the offering, and borrowings under a new senior credit facility that it expects to enter into, (1) to purchase all of the outstanding common stock of IntraLase Corp. (IntraLase), pursuant to the previously disclosed Agreement and Plan of Merger, dated January 5, 2007, by and among AMO, IntraLase and Ironman Merger Corporation; (2) to repay all outstanding indebtedness under its existing senior credit facility if any; (3) to pay related fees and expenses; and (4) for other general corporate purposes with any remaining proceeds. The offering of the notes is conditioned upon and will be consummated substantially concurrent with the closing of the merger with IntraLase.
This announcement does not constitute an offer to sell or the solicitation of offers to buy any security. Any offers of the securities will be made only by means of a private offering memorandum. The notes have not been registered under the Securities Act of 1933 or the securities laws of any other jurisdiction and, unless they are registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933 and applicable state securities laws.