AMC Entertainment driving by with $325 million eight-year senior subordinated notes Tuesday

By Paul A. Harris

Portland, Ore., Feb. 4 - AMC Entertainment Inc. plans to price a $325 million offering of eight-year senior subordinated notes Tuesday following a mid-morning conference call with investors, according to a syndicate source.

Citigroup Global Markets Inc., BofA Merrill Lynch, Barclays, Credit Suisse Securities (USA) LLC and HSBC Securities (USA) Inc. are the joint bookrunners for the Rule 144A with registration rights offering.

The notes become callable in three years at par plus 75% of the coupon and feature a three-year 35% equity clawback and a 101% poison put.

The Kansas City, Mo.-based movie exhibitor plans to use the proceeds to retire all of its 8¾% senior notes due 2019.

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