AMC Entertainment to price $900 million dollar, sterling notes

New York, Oct. 20 – AMC Entertainment Holdings, Inc. said it plans to offer $900 million equivalent of dollar-denominated senior subordinated notes due 2026 and sterling-denominated notes due 2024.

The notes will be sold under Rule 144A and Regulation S, according to a news release.

In addition, AMC plans to offer a $500 million incremental term loan B due 2023.

Proceeds from the notes and loan along with cash on hand and other sources of financing will used to fund the acquisitions of Odeon & UCI Cinemas Holdings Ltd. and Carmike Cinemas, Inc., to repay some debt of Odeon & UCI and to fund transaction fees and expenses.

No further details were immediately available on the notes.

The loan will launch with a bank meeting in New York on Monday.

Citigroup Global Markets Inc. is the lead bank on the bank debt.

AMC is a Leawood, Kan.-based movie exhibitor.

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