New Issue: AMC Entertainment sells $600 million 10-year notes at par to yield 9¾%

By Paul A. Harris

St. Louis, Dec. 1 - AMC Entertainment Holding priced a $600 million issue of 10-year senior subordinated notes (Caa1/CCC+/) at par to yield 9¾%, at the wide end of price talk, on Wednesday, according to market sources.

Goldman Sachs & Co. was the left bookrunner for the quick-to-market issue. J.P. Morgan Securities LLC, Barclays Capital Inc., Deutsche Bank Securities Inc., Citigroup Global Markets Inc. and Credit Suisse Securities were the joint bookrunners.

The Kansas City, Mo.-based motion picture exhibition company will use the proceeds to fund the tender offer for its 11% senior subordinated notes due 2016 and the 12% Marquee Holdings notes due 2014.

Issuer:	AMC Entertainment Holding
Amount:	$600 million
Maturity:	Dec. 1, 2020
Securities:	Senior subordinated notes
Left bookrunner:	Goldman Sachs & Co.
Joint bookrunners:	J.P. Morgan Securities LLC, Barclays Capital Inc., Deutsche Bank Securities Inc., Citigroup Global Markets Inc., Credit Suisse Securities
Co-manager:	Foros
Coupon:	9¾%
Price:	Par
Yield:	9¾%
Call protection:	Callable Dec. 1, 2015 at 104.88
Equity clawback:	35% at 109.75 until Dec. 1, 2013
Trade date:	Dec. 1
Settlement date:	Dec. 15
Ratings:	Moody's: Caa1
	Standard & Poor's: CCC+
Distribution:	Rule 144A with registration rights
Marketing:	Quick to market

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