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AMC Networks Announces Commencement of Tender Offer for Up to $450,000,000 Aggregate Principal Amount of its 4.25% Senior Notes due 2029
NEW YORK, June 17, 2025 (GLOBE NEWSWIRE) -- AMC Networks Inc. (Nasdaq: AMCX) (the “Company”) announced today that it has commenced a cash tender offer (the
About this update from Amc Global Media Inc.
[{"type":"text","content":"NEW YORK, June 17, 2025 (GLOBE NEWSWIRE) -- AMC Networks Inc. (Nasdaq: AMCX) (the “Company”) announced today that it has commenced a cash tender offer (the “Offer”) to purchase up to $450,000,000 aggregate principal amount (as such amount may be increased by the Company, the “Maximum Tender Amount”) of its outstanding 4.25% Senior Notes due 2029 (the “Notes”). The terms and conditions of the Offer are described in an Offer to Purchase, dated June 17, 2025 (the “Offer to Purchase”). The Company intends to fund the Offer, including accrued interest and fees and expenses payable in connection with the Offer, with the net proceeds from its proposed offering of its senior secured notes due 2032 and cash on hand or other immediately available funds. The following table sets forth certain terms of the Offer: Dollars per $1,000 Principal Amount of NotesTitle of NotesCUSIP Number / ISINAggregate Principal Amount Outstanding(1)Tender Offer Consideration(2)Early Tender PremiumTotal Consideration(2)(3)4.25% Senior Notes due 202900164V AF0 /US00164VAF04$885,866,000$765$50$815(1)As of the date of the Offer to Purchase.(2)Holders will also receive accrued and unpaid interest from the last interest payment with respect to the Notes accepted for purchase to, but not including, the Early Settlement Date (if any) or the Final Settlement Date, as applicable.(3)Includes the Early Tender Premium. The Offer will expire at 5:00 p.m., New York City time, on July 17, 2025, unless extended or earlier terminated by the Company (such date and time, as it may be extended, the “Expiration Date”). No tenders submitted after the Expiration Date will be valid. Holders of Notes that are validly tendered (and not validly withdrawn) at or prior to 5:00 p.m., New York City time, on July 1, 2025 (such date and time, as it may be extended, the “Early Tender Date”) and accepted for purchase pursuant to the Offer will receive the Total Consideration set forth in the table above (the “Total Consideration”), which includes the Early Tender Premium set forth in the table above (the “Early Tender Premium”). Holders of Notes tendering their Notes after the Early Tender Date will only be eligible to receive the Tender Offer Consideration set forth in the table above (the “Tender Offer Consideration”), which is the Total Consideration less the Early Tender Premium. All Notes v...