Cinemark starts one-week tender offer for 5 1/8% notes due 2022

Chicago, March 4 – Cinemark USA Inc. launched a tender offer for its $400 million outstanding 5 1/8% senior notes due 2022 (Cusip: 172441AX5), according to an offer to purchase document.

Cinemark is offering to pay $1,002.70 per $1,000 note, plus interest to the settlement date.

The offer is subject to a financing condition.

Following the offer, the company intends to optionally redeem all the notes not purchased in the offer.

The expiration time and the withdrawal time are both 5 p.m. ET on March 11.

The acceptance date is March 12.

Settlement is expected on March 16.

Notes tendered through guaranteed delivery procedures have a deadline of 5 p.m. ET on March 15 with the same settlement date.

Wells Fargo Securities, LLC is the dealer manager (704 410-4756, 866 309-6316) for the offer.

D.F. King & Co., Inc. is the information agent and tender agent (800 317-8033, 212 269-5550, cnk@dfking.com).

Cinemark is a Plano, Tex.-based motion picture exhibitor.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.