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Regal Cinemas delays $250 million note sale due to market conditions
By Paul A. Harris
St. Louis, May 17 - Regal Cinemas Corp. postponed a $250 million add-on to its 8 5/8% senior unsecured notes due July 15, 2019 due to market conditions, the company stated in a Monday press release.
Credit Suisse, Barclays Capital Inc., Bank of America Merrill Lynch and Deutsche Bank Securities Inc. were the joint bookrunners.
The Knoxville, Tenn.-based motion picture exhibitor intended to use the proceeds, along with proceeds from a concurrent senior secured credit facility, to repay a portion of its senior secured term loan and to redeem its existing senior subordinated notes.
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