Advanced Medical Optics, Inc. (AMO) (NYSE:EYE) announced today the
expiration of the tender offer and consent solicitation (the "Offer”)
for its outstanding 7½% Senior Subordinated Notes due 2017 (the "Notes”)
(CUSIP No. 00763MAN8, ISIN No. US00763MAN83). The Offer expired at
midnight EST on Tuesday, Feb. 24, 2009 (the "Expiration Time”). As of
the Expiration Time, $248,250,000
aggregate principal amount of
Notes, representing approximately 99.3% of the aggregate principal
amount of Notes outstanding, had been validly tendered pursuant to the
Offer and not withdrawn. AMO accepted for payment, and will pay for,
$248,250,000
aggregate principal amount of Notes today (the
"Payment Date”).
Holders who validly tendered their Notes and delivered their related
consents prior to the Expiration Time received the Total Consideration
of $1,155.00 for each $1,000 principal amount of Notes validly tendered
and accepted for payment. In addition, all holders whose Notes were
accepted for payment received accrued and unpaid interest up to, but not
including, the Payment Date.
In addition, pursuant to the Offer, AMO received consents from holders
sufficient to approve the proposed amendments to the indenture governing
the Notes. As a result, AMO and the trustee will enter into a
supplemental indenture containing the proposed amendments to such
indenture.
This press release is for informational purposes only and is not an
offer to purchase, a solicitation of an offer to sell or a solicitation
of a consent with respect to any of the Notes. The tender offer and the
consent solicitation were only made pursuant to the tender offer and the
consent solicitation documents, including the Offer to Purchase that AMO
distributed to holders of Notes. The tender offer and the consent
solicitation were not made to holders of Notes in any jurisdiction in
which the making or acceptance thereof would not be in compliance with
the securities, blue sky or other laws of such jurisdiction.
About Advanced Medical Optics, Inc. (AMO)
AMO is focused on providing the full range of advanced refractive
technologies and support to help eye care professionals deliver optimal
vision and lifestyle experiences to patients of all ages. Products in
the cataract line include monofocal intraocular lenses (IOLs),
phacoemulsification systems, viscoelastics, and related products used in
ocular surgery. AMO owns or has the rights to such product brands as
Tecnis®, Clariflex® and Sensar® IOLs;
Sovereign®, Sovereign® Compact and WhiteStar
Signature™ phacoemulsification systems with WhiteStar®
technology; Healon® viscoelastics and the Baerveldt®
glaucoma shunt. Products in the refractive line include wavefront
diagnostic devices, femtosecond lasers and associated patient interface
devices; excimer laser vision correction systems and treatment
cards,
and refractive implants. AMO brands in the refractive business include
iDesign™, iFS™, Star S4 IR®, WaveScan
Wavefront®, Advanced CustomVue™, IntraLase®,
IntraLasik® and ReZoom®, Tecnis®
Multifocal and Verisyse® IOLs. Products in the eye care line
include disinfecting solutions, enzymatic cleaners, lens rewetting drops
and artificial tears. Among the eye care product brands the company
possesses are COMPLETE®, COMPLETE® Blink-N-Clean®,
Consept®F, Consept® 1 Step, Oxysept® 1
Step, UltraCare®, Ultrazyme®, Total Care™
and blink® branded products. AMO is based in Santa Ana,
California, and employs approximately 3,700 worldwide. The company has
operations in 27 countries and markets products in approximately 60
countries. For more information, visit the company's Website at www.amo-inc.com.
Forward-Looking Statements
This press release contains forward-looking statements about AMO,
including statements regarding execution of the supplemental indenture
containing the proposed amendments to such indenture. All
forward-looking statements in this press release represent AMO's
judgment only as of the date of this press release. Actual events may
differ from current expectations based on a number of factors.
Therefore, the reader is cautioned not to rely on these forward-looking
statements. AMO disclaims any intent or obligation to update these
forward-looking statements. Additional information concerning AMO's risk
factors may be found in previous press releases issued by AMO and AMO's
public periodic filings with the Securities and Exchange Commission,
including the discussion under the heading "Risk Factors" in AMO's 2008
Form 10-K filed on February 24, 2009.