Odeon Finco to repay term loan with notes and cash on hand

By Sara Rosenberg

New York, Oct. 12 – Odeon Finco plc plans to repay its term loan in full using proceeds from a $400 million senior secured notes offering and about $151.8 million of cash on hand, according to a market source.

The notes and cash on hand will also be used to pay around $46.2 million of related fees, costs, premiums and expenses.

Odeon, a wholly owned direct subsidiary of Odeon Cinemas Group Ltd. and an indirect subsidiary of AMC Entertainment Holdings Inc., is a Leawood, Kan.-based movie exhibition company.

© 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.