ST. LOUIS--(BUSINESS WIRE)--EyeCare Partners LLC ("EyeCare Partners", or the "Company"), the nation’s leading provider of clinically integrated eye care, announced today it has closed a follow-on debt exchange with holders of its existing term loans following an initial debt exchange closed in April. The combined exchanges represent participation of more than 98% of the Company's first lien term loan holders, more than 91% of its second lien term loan holders and 100% of its Revolving Credit Facility ("RCF") commitments. The follow-on exchange further strengthens the Company’s balance sheet by capturing additional debt discount and cash-to-paid-in-kind interest flexibility, in addition to that achieved in the initial exchange. The closing of the initial exchange, follow-on exchange and $275 million new money superpriority term loan provides significant liquidity benefit and addresses a majority of the Company’s debt maturities through 2027. “We are strongly encouraged by the high participation level across our debt exchanges and the financial support for EyeCare Partners to execute on our long-term strategic initiatives,” said Chris Throckmorton, EyeCare Partners Chief Executive Officer

EyeCare Partners, the nation's leading provider of clinically integrated eye care, announced that Joel Day has been named Executive Vice President - Finance and will take the Chief Financial Officer role, effective June 1.

ST. LOUIS--(BUSINESS WIRE)--EyeCare Partners, the nation’s leading provider of clinically integrated eye care, announced that Joel Day has been named Executive Vice President – Finance and will take the Chief Financial Officer role, effective June 1. He will lead and have responsibility for the strategic planning, implementation and management of all EyeCare Partners Finance activities, including accounting, business planning, budgeting, forecasting, revenue cycle management (RCM) and procurement. Day will succeed Bob Gold, who has shared his intent to depart the organization, effective May 31. Both will work closely together to ensure business continuity and a smooth transition. “Joel brings to EyeCare Partners three decades of deep, meaningful experience in health care across all finance functions at companies both in public and private settings,” said Chris Throckmorton, Chief Executive Officer