Lionsgate offers to exchange $520 million of 5 7/8% notes due 2024

By Susanna Moon

Chicago, March 12 – Lionsgate announced an exchange offer for the $520 million principal amount of outstanding 5 7/8% senior notes due 2024 issued by Lions Gate Entertainment Corp.

In exchange, Lions Gate Entertainment’s wholly owned subsidiary Lions Gate Capital Holdings LLC is offering to issue new 5 7/8% senior notes due 2024, according to an announcement.

The total exchange value will be $1,000 plus $2.50 cash for each $1,000 principal amount of notes tendered by the early deadline of 5 p.m. ET on March 23.

The total amount includes an early tender premium of $30.00 plus $2.50 cash for each $1,000 principal amount.

The exchange offer will remain open until 11:59 p.m. ET on April 6.

Tenders may be withdrawn before the early deadline.

No accrued interest will be paid in the exchange. Instead, the new 2024 notes issued in exchange will accrue interest from the most recent interest payment date.

The exchange is being offered to holders who are qualified institutional buyers under Rule 144A or not U.S. persons under Regulation S.

D.F. King & Co., Inc. (866 620-9554, 212 269-5550 or http://www.dfking.com/lionsgate) is the information and exchange agent.

Lionsgate is a Santa Monica, Calif.-based entertainment company.

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