New Issue: AMC Entertainment upsizes 10-year notes to $175 million, yields 10 1/8%

By Paul A. Harris

St. Louis, Mo., Jan. 11 - AMC Entertainment Inc. increased its offering of 10-year senior subordinated notes to $175 million from an announced size of $150 million and priced the deal at 98.436 to yield 10 1/8%.

Price talk had been announced as the 10% area.

Salomon Smith Barney was sole bookrunner of the Rule 144A offering. Co-managers were Banc of America Securities, Credit Suisse First Boston, Deutsche Banc Alex. Brown, Lehman Brothers, Scotia Capital and UBS Warburg.

A syndicate official declined to comment on the execution of the deal.

Issuer:	AMC Entertainment, Inc.
Amount:	$175 million, upsized from $150 million
Maturity:	Feb. 2, 2012
Type:	Senior subordinated notes
Bookrunner:	Salomon Smith Barney
Coupon:	9 7/8%
Price:	98.436
Yield:	10 1/8%
Spread:	522 basis points over the 10-year Treasury
Call features:	Callable on Feb. 2, 2007 at 104.938, then at 103.292, 101.646, declining to par on Feb. 2, 2010
Equity clawback:	None
Settlement date:	Jan. 16 flat
Ratings:	Moody's: Caa3
	Standard & Poor's: CCC
Cusip:	001669AL4
End

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