Partners Group portfolio company Eyecare Partners, LLC, a leading national provider of clinically integrated eye care, in a liability management transaction that significantly enhanced the company’s liquidity, deleveraged its balance sheet, reduced annual debt interest expense and extended debt maturities. The transaction included a $275 million new-money investment into a super senior debt tranche and an uptier exchange of more than 98% of existing first lien term loans, 100% of existing revolving commitments and more than 91% of existing second lien term loans that captured significant debt discount.
