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Financings in Brief: Premier Laser Systems

This article was originally published in The Gray Sheet

Executive Summary

Premier Laser Systems: Medical laser and fiber optic delivery system manufacturer files registration statement with SEC for an offering of 2.5 mil. shares through managing underwriter Rodman & Renshaw. Premier says it plans to use proceeds to expand its marketing and distribution, "including distribution into international markets, and for new product introductions, through acquisitions, strategic alliances or internal development." Funds raised in the offering also will support investments in "inventory and demonstration or loaner equipment," clinical trials, regulatory activities, and new research and development projects, including a project in corneal sculpting. In addition, some proceeds are tabbed to repay "acquisition indebtedness to Pfizer HPG," Premier says. The debt stems from a 1991 management buyout of Pfizer Laser Systems that led to the creation of Premier...

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