SAN ANTONIO, May 12 /PRNewswire/ -- Eye Care Centers of America, Inc. (ECCA) announced today that Highmark Inc. has acquired $65,360,000 of ECCA's 10-3/4 percent Senior Subordinated Notes due 2015. The Notes from certain funds and/or accounts managed and/or advised by DDJ Capital Management, LLC were acquired for a purchase price equal to the principal amount, plus accrued interest to the purchase date. The foregoing transaction was consummated on April 14, 2009.
About Eye Care Centers of America, Inc.
ECCA is part of HVHC Inc., one of the largest health insurers in the United States. ECCA's retail business operates or manages more than 430 optical retail stores through 10 store names that are leaders in eye care service in each of their respective markets. ECCA's stores offer customers high-quality frames, lenses, accessories, and sunglasses, including designer and private-label frames, at competitive prices. ECCA's stores offer lenses at great prices, fabricated with the leading technology in vision correction. For more information, visit www.ecca.com.
This press release does not constitute an offer to buy nor the solicitation of an offer to sell any of the Notes.
|SOURCE Eye Care Centers of America, Inc.|
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