Regal Cinema to sell $200 million 10-year notes to fund Chapter 11 recapitalization

By Paul A. Harris

St. Louis, Mo., Jan. 7 - Regal Cinema announced a new offering of $200 million senior subordinated notes due 2012 (B3), to price sometime during the week of Jan. 14, a syndicate source told Prospect News on Monday.

Proceeds will be used to help fund the company's recapitalization as part of its Chapter 11 reorganization.

Credit Suisse First Boston will run the books. Lehman Brothers is joint lead.

The notes will be sold under Rule 144A. They will be non-callable for five years and contain an equity clawback of 35% for three years.

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