Daily News: April 19, 2012

Bloomberg: Bausch & Lomb Seeks $3.49B of Loans to Refinance Debt

Bausch & Lomb Inc. is seeking $3.485 billion in loans, consisting of a $2.035 billion term loan B, a $600 million term piece B, a $350 million delayed-draw term portion and a $500 million revolving line of credit, a Bloomberg article reported. Citigroup is said to be arranging the financing.

Proceeds will be used to supports its acquisition of Ista Pharmaceuticals and refinance debt.

Bausch & Lomb is a manufacturer of eye care products and is owned by Warburg Pincus.

To read the Bloomberg article in its entirety, click here.