Regal Entertainment selling $350 million eight-year notes Tuesday

By Paul A. Harris

Portland, Ore., Feb. 25 - Regal Entertainment Group plans to price a $350 million offering of eight-year senior notes Tuesday following a late-morning conference call with investors, according to a syndicate source.

Credit Suisse Securities (USA) LLC, Barclays, BofA Merrill Lynch, Deutsche Bank Securities Inc. and Wells Fargo Securities LLC are the joint bookrunners for the public offering.

The notes become callable after three years at par plus 75% of the coupon and feature a three-year 35% equity clawback and a 101% poison put.

The Knoxville, Tenn.-based motion picture exhibitor based plans to use the proceeds to refinance its existing 9 1/8% senior notes due 2018.

© 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.