Bausch + Lomb, leading ophthalmology company, is planning for an initial public offering of stock and intends to use the proceeds to repay a $700 million loan, according to an Optics report.
The loan transaction, completed in March, was used to fund a dividend made payable to its stock holders.
Bausch + Lomb is currently $3.3 billion in debt.
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The loan transaction, completed in March, was used to fund a dividend made payable to its stock holders.
Bausch + Lomb is currently $3.3 billion in debt.
More Articles on Ophthalmology:
Dr. Gholma Peyman Joins Insite Vision
5 Recent Ophthalmology-Driven Facility Openings & Expansions
Dr. Balamurali Ambati Leads Study of Nanoparticles as Maculr Degeneration Treatment