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Published on 8/11/2010 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily and Prospect News High Yield Daily.

Fitch rates Regal notes B-/RR6

Fitch Ratings said it assigned a B-/RR6 rating to Regal Entertainment Group $275 million 9 1/8% senior unsecured note due 2018.

The outlook is stable.

Regal has an issuer default rating of B+ and senior unsecured notes at B-/RR6.

Regal Cinemas has an issuer default rating of B+, senior secured credit facility of BB+/RR1 and senior unsecured notes of B+/RR4.

Proceeds will be used to redeem all of Regal Cinemas Corp.'s 9 3/8% senior subordinated notes due 2012 and all of Regal's 6¼% convertible senior notes due 2011, and for general corporate purposes, which may include the repayment or repurchase of other debt.


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