National CineMedia, LLC Announces Proposed Refinancing of its Senior Secured Credit Facility

  National CineMedia, LLC Announces Proposed Refinancing of its Senior Secured
  Credit Facility

Business Wire

CENTENNIAL, Colo. -- November 08, 2012

National CineMedia, LLC (“NCM LLC”) and National CineMedia, Inc. (NASDAQ:
NCMI) (the “Company”), the managing member and owner of 48.6% of NCM LLC,
announced today that NCM LLC has engaged Barclays, J.P. Morgan, Credit Suisse,
Macquarie, and Morgan Stanley to arrange a refinancing of its existing senior
secured credit facility. Under the proposed refinancing, NCM LLC is seeking to
replace its existing $225 million term loan with a new $265 million 7-year
term loan. NCM LLC also seeks to increase the capacity under its revolving
credit facility by $5 million and extend the maturity by 7 months. Upon
completion of the proposed refinancing, and payment of costs and expenses
incurred therewith, NCM LLC intends to use any excess proceeds to pay-off its
current interest rate swap arrangements, make affiliate payments and for
general corporate purposes. There can be no assurance that the refinancing or
other transactions will be completed.

About National CineMedia, Inc.

NCM operates NCM Media Networks, a leading integrated media company reaching
U.S. consumers in movie theaters, online and through mobile technology. The
NCM Cinema Network and NCM Fathom present cinema advertising and events across
the nation’s largest digital in-theater network, comprised of theaters owned
by AMC Entertainment Inc., Cinemark Holdings, Inc. (NYSE: CNK), Regal
Entertainment Group (NYSE: RGC) and other leading regional theater circuits.
NCM’s theater advertising network covers 183 Designated Market Areas^® (49 of
the top 50) and includes over 19,300 screens (over 18,400 digital). During
2011, over 680 million patrons (on an annualized basis) attended movies shown
in theaters in which NCM currently has exclusive cinema advertising agreements
in place. The NCM Fathom Events live digital broadcast network (“DBN”) is
comprised of over 720 locations in 170 Designated Market Areas^® (including
all of the top 50). The NCM Interactive Network offers 360-degree integrated
marketing opportunities in combination with cinema, encompassing 41
entertainment-related websites, online widgets and mobile applications.
National CineMedia, Inc. (NASDAQ: NCMI) owns a 48.6% interest in and is the
managing member of National CineMedia LLC. For more information, visit (NCMI-F)

Forward Looking Statements

This press release contains various forward-looking statements that reflect
management’s current expectations or beliefs regarding future events,
including the propsed refinancing. Investors are cautioned that reliance on
these forward-looking statements involves risks and uncertainties. Although
the Company believes that the assumptions used in the forward looking
statements are reasonable, any of these assumptions could prove to be
inaccurate and, as a result, actual results could differ materially from those
expressed or implied in the forward looking statements.


National CineMedia
Investor Contact:
David Oddo, 800-844-0935
Media Contact:
Lauren Leff, 303-957-1709
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