Jun. 17 at 12:25 PM
$AMCX AMC Networks announces proposed private offering of
$400M senior secured notes
AMC Networks intends to offer, subject to market conditions and other factors,
$400M aggregate principal amount of senior secured notes due 2032 in a private offering. The Notes will be unconditionally guaranteed, on a joint and several basis, by each of AMC Networks' existing and future domestic subsidiaries, subject to certain exceptions, on a senior secured basis.
AMC Networks expects to use the net proceeds from the offering of the Notes, together with cash on hand or other immediately available funds, to fund its tender offer to purchase for cash up to
$450M aggregate principal amount of its outstanding 4.25% Senior Notes due 2029, pay related premiums, fees and expenses incurred in connection with the offering of the Notes and the Tender Offer, and repurchase or repay other corporate indebtedness.
