The Cooper Companies Inc. (NYSE: COO) has closed the $1.2 billion acquisition of Sauflon Pharmaceuticals Ltd. and a new $700 million loan.

Sauflon, headquartered in Twickenham, England, manufactures and distributes soft contact lenses.

Cooper also closed a $700 million three-year senior unsecured term loan which it will use to fund the acquisition. The loan matures Aug. 4, 2017.

Cooper, headquartered in Pleasanton, California, is a medical device company that operates vision and surgical businesses.

The acquisition follows the purchase of contact-distribution company 1-800 Contacts by private equity firm Thomas H. Lee Partners in January.


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