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AMC Networks Announces Early Results of Tender Offer for Any and All 4.75% Senior Notes due 2025
NEW YORK, April 05, 2024 (GLOBE NEWSWIRE) -- AMC Networks Inc. (Nasdaq: AMCX) (the “Company”) announced the early results, as of 5:00 p.m. New York City time,
About this update from Amc Global Media Inc.
[{"type":"text","content":"NEW YORK, April 05, 2024 (GLOBE NEWSWIRE) -- AMC Networks Inc. (Nasdaq: AMCX) (the “Company”) announced the early results, as of 5:00 p.m. New York City time, on April 5, 2024 (the “Early Tender Date”) of its previously announced cash tender offer (the “Offer”) to purchase any and all of its outstanding 4.75% Senior Notes due 2025 (the “Notes”). The terms and conditions of the Offer are described in an Offer to Purchase, dated March 25, 2024 (the “Offer to Purchase”), which was previously distributed to holders of the Notes. As set forth in the Offer to Purchase, the Company reserves the right to (i) waive any and all conditions to the Offer as permitted by law, (ii) extend or terminate the Offer or (iii) otherwise amend the Offer. The following table sets forth certain terms of the Offer and the aggregate principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date: Dollars per $1,000 Principal Amount of NotesTitle of NotesCUSIP Number /ISINAggregate Principal Amount Outstanding(1)Aggregate Principal Amount Tendered at the Early Tender DateTender Offer Consideration(2)Early Tender PremiumTotal Consideration(2)(3)4.75% Senior Notes due 202500164V AE3 /US00164VAE39$774,729,000$624,346,000$970$30$1,000 (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 or the Final Settlement Date, as applicable.(3)Includes the Early Tender Premium. Substantially concurrently with commencement of the Offer, the Company issued a conditional notice of redemption to holders of the Notes to redeem any and all Notes that remain outstanding after completion of the Offer at a price of 100.000% of their principal amount, plus accrued and unpaid interest to, but not including, the redemption date. The Offer will expire at 5:00 p.m., New York City time, on April 22, 2024, unless extended or earlier terminated by the Company (such date and time, as it may be extended, the “Expiration Date”). Holders of Notes that are validly tendered after the Early Tender Date and on or prior to the Expiration Date and accepted for purchase by the Company pursuant to the Offer will receive the Tender Offer Consideration set forth in the table above. No ten...