Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for AMC Networks Inc. > News item |
AMC Networks begins tender for $700 million 7¾% senior notes due 2021
By Wendy Van Sickle
Columbus, Ohio, March 23 – AMC Networks Inc. said it began a cash tender offer for any and all of its $700 million of outstanding 7¾% senior notes due 2021.
The purchase price will be $1,058.57 for each $1,000 principal amount of notes plus accrued interest to but excluding the settlement date, according to a press release.
The tender offer will expire at 5 p.m. ET on March 29.
Tendered notes may be withdrawn any time prior to the expiration.
Settlement is expected to occur on March 30.
The offer is subject to the satisfaction or waiver of a number of conditions, including AMC’s receipt of proceeds from a proposed debt financing sufficient to pay for the repurchase of notes tendered under the offer.
BofA Merrill Lynch (888 292-0070 or 980 388-3646) and Morgan Stanley & Co. LLC (800 624-1808 or 212 761-1057) are the dealer managers.
Global Bondholder Services Corp. (212 430-3774, 866 924-2200 or contact@gbsc-usa.com) is the as the information agent.
AMC is a New York-based owner and operator of brands in cable television.
© 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.