AMC Networks Announces Conditional Full Redemption of 4.75% Senior Notes due 2025
25 Março 2024 - 10:55AM
AMC Networks Inc. (Nasdaq: AMCX) (the “Company”) announced today
that it has given notice of its intention to redeem all of its
outstanding 4.75% Senior Notes due 2025 (CUSIP Number 00164V AE3)
(the “Notes”) on April 24, 2024 (the “Redemption Date”). If the
condition to the redemption of the Notes described below is
satisfied, the Notes will be redeemed at a redemption price of
100.000% of the principal amount of the Notes plus accrued and
unpaid interest to, but excluding, the Redemption Date (the
“Redemption Price”).
The redemption is subject to and conditioned upon the completion
by the Company of an issuance of at least $700 million aggregate
principal amount of senior secured notes no later than the
Redemption Date on terms and conditions satisfactory in all
respects to the Company in its sole and absolute discretion.
AMC Networks has instructed U.S. Bank Trust Company, National
Association, as the trustee for the Notes (the “Trustee”), to
distribute a notice of redemption to all registered holders of the
Notes on March 25, 2024. Copies of the notice of redemption and
additional information relating to the procedure for the redemption
of the Notes may be obtained from U.S. Bank Trust Company, National
Association by calling 1-(800)-934-6802.
About AMC Networks
Inc.
AMC Networks (Nasdaq: AMCX) is home to many of the greatest
stories and characters in TV and film and the premier destination
for passionate and engaged fan communities around the world. The
company creates and curates celebrated series and films across
distinct brands and makes them available to audiences everywhere.
Its portfolio includes targeted streaming services AMC+, Acorn TV,
Shudder, Sundance Now, ALLBLK and HIDIVE; cable networks AMC, BBC
AMERICA (operated through a joint venture with BBC Studios, which
includes U.S. distribution and sales responsibilities for BBC
News), IFC, SundanceTV and WE tv; and film distribution labels IFC
Films and RLJE Films. The company also operates AMC Studios, its
in-house studio, production and distribution operation behind
acclaimed and fan-favorite original franchises including The
Walking Dead Universe and the Anne Rice Immortal Universe; and AMC
Networks International, its international programming business.
This press release may contain statements that constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, including statements
concerning the terms and timing of the redemption of the Notes and
the Company’s concurrent offering of senior secured notes. These
statements are based on management’s current expectations and are
subject to uncertainty and changes in circumstances. Investors are
cautioned that any such forward-looking statements are not
guarantees of future performance or results and involve risks and
uncertainties and that actual results or developments may differ
materially from those in the forward-looking statements as a result
of various factors, including financial community and rating agency
perceptions of the Company and its business, operations, financial
condition and the industries in which it operates and the factors
described in the Company’s filings with the Securities ad Exchange
Commission, including the sections titled “Risk Factors” and
“Management’s Discussion and Analysis of Financial Condition and
Results of Operations” contained therein. The Company disclaims any
obligation to update any forward-looking statements contained
herein.
Contacts:
Investor RelationsNicholas
Seibertnicholas.seibert@amcnetworks.com |
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Corporate CommunicationsGeorgia
Juvelisgeorgia.juvelis@amcnetworks.com |
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