AMC Entertainment to price $325 million 10-year notes late next week

By Paul A. Harris

St. Louis, Jan. 12 - AMC Entertainment Inc. is expected to price a $325 million offering of 10-year notes (/CCC+/CCC+) late next week, according to a market source.

Credit Suisse First Boston, Citigroup and JP Morgan are underwriters for the Rule 144A offering.

The notes come with five years of call protection.

Proceeds will be used to help finance the merger of AMC with New York City-based movie theater chain operator Loews Cineplex Entertainment Corp., as well as to refinance AMC's and Loews' existing bank debt and fund the tender for $315 million of Loews' outstanding 9% senior subordinated notes due 2014.

AMC is a Kansas City, Mo., movie theater chain.

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