TLC Vision Eyes Relief With Prepack Ch. 11

Law360, New York (December 22, 2009, 2:40 PM EST) -- TLC Vision Corp., a North American laser eye surgery provider, has filed for bankruptcy protection in the U.S. and Canada with a prepackaged plan to restructure its senior secured debt and to sell six of its Canadian locations while drawing on a $15 million debtor-in-possession facility.

The Chapter 11 petition — filed Monday in the U.S. Bankruptcy Court for the District of Delaware — lists assets and liabilities between $100 and $500 million and includes TLC and two subsidiaries: TLC Vision (USA) Corp. and TLC Management...
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