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AMC Networks Inc. Announces Proposed Offering of $500 Million of Senior Notes
NEW YORK, Jan. 25, 2021 (GLOBE NEWSWIRE) -- AMC Networks Inc. (“AMC Networks” or the “Company”) (Nasdaq:AMCX) today announced a proposed public offering of
About this update from Amc Global Media Inc.
[{"type":"text","content":"NEW YORK, Jan. 25, 2021 (GLOBE NEWSWIRE) -- AMC Networks Inc. (“AMC Networks” or the “Company”) (Nasdaq:AMCX) today announced a proposed public offering of $500 million in aggregate principal amount of Senior Notes due 2029 (the “Senior Notes”). AMC Networks intends to use the proceeds of the offering to redeem (i) the remaining $400 million principal amount of the Company’s 4.75% Senior Notes due December 2022 (the “2022 Notes”) at a redemption price of 100.000% and (ii) $100 million principal amount of the Company’s 5.00% Senior Notes due April 2024 (the “2024 Notes”) at a redemption price of 102.500%. This press release shall not constitute a notice of redemption with respect to the 2022 Notes or the 2024 Notes. AMC Networks today filed a preliminary prospectus supplement with the United States Securities and Exchange Commission (the “SEC”), filed as part of an effective shelf registration statement filed with the SEC on Form S-3 under the registration statement, pursuant to which AMC Networks proposes to offer and sell the Senior Notes. The preliminary prospectus supplement and accompanying prospectus describe the terms of the offering. J.P. Morgan Securities LLC, BofA Securities, Inc., Citigroup Global Markets Inc., Mizuho Securities USA LLC, Truist Securities, Inc., Wells Fargo Securities, LLC, BNP Paribas Securities Corp., Fifth Third Securities, Inc., Morgan Stanley & Co. LLC, Scotia Capital (USA) Inc., U.S. Bancorp Investments, Inc. and Barclays Capital Inc. will act as joint book-running managers for the offering. Before you invest, you should read the registration statement, the prospectus, the prospectus supplement and other documents filed with the SEC and incorporated by reference therein for more complete information about AMC Networks and the offering. You may get these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the preliminary prospectus supplement and accompanying prospectus for the offering may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling +1 (866) 803-9204. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state or other jurisdiction in which such o...