New Issue: Regal Cinemas $200 million 10-year notes yield 9 3/8%

By Paul A. Harris

St. Louis, Mo., Jan. 17 - Regal Cinemas Corp. priced $200 million of senior subordinated notes due Feb. 1, 2012 (B3/B-) Thursday at par to yield 9 3/8%, according to a syndicate source.

Price talk was 9 3/8%-9 5/8%.

Credit Suisse First Boston ran the books on the Rule 144A deal. Lehman Brothers was joint lead.

Issuer:	Regal Cinemas Corp.
Amount:	$200 million
Maturity:	Feb. 1, 2012
Type:	Senior subordinated notes
Bookrunner:	Credit Suisse First Boston
Coupon:	9 3/8% beginning Aug. 1, 2002
Price:	Par
Yield:	9 3/8%
Spread:	449 basis points over the 5% Treasury due Aug., 2011
Call features:	Callable on Feb. 1. 2007 at 104.688, then at 103.125, 101.563, declining to par on Feb. 1, 2010
Equity clawback:	Until Feb. 1, 2005 for up to 35% at 109.375%
Settlement date:	Jan. 29, (T+7) flat
Ratings:	Moody's: B3
	Standard & Poor's: B-
Cusip:	758753AA5

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