Cinemark USA, Inc. to Host Prospective Lenders’ Call and Announces Launch of
$400 Million of Senior Notes Offering
PLANO, Texas -- December 03, 2012
Cinemark Holdings, Inc. (NYSE:CNK) announced today that through its
wholly-owned subsidiary, Cinemark USA, Inc. (the “Company”), it intends to
host a prospective lenders’ call and commence a private offering (the
“Offering”) that is exempt from the registration requirements of the
Securities Act of 1933, as amended (the “Securities Act”) to eligible
purchasers of $400 million aggregate principal amount of Senior Notes due 2022
(the “2022 Notes”). The 2022 Notes will be guaranteed by certain of the
Company’s subsidiaries that guarantee or become liable with respect to any of
the Company’s and the guarantors’ other debt.
Concurrently with the Offering, the Company is seeking to amend and restate
its existing senior secured credit facilities (collectively, the “Amended and
Restated Senior Secured Credit Facilities”). It is contemplated that the
Amended and Restated Senior Secured Credit Facilities will be comprised of a
$700 million term loan facility and a $100 million undrawn revolving credit
facility that will refinance its existing credit facilities. The Offering is
not contingent on the closing of the Amended and Restated Senior Secured
Credit Facilities and there are no assurances when, or if, the Amended and
Restated Senior Secured Credit Facilities will be consummated.
The 2022 Notes and the related guarantees will be offered only to qualified
institutional buyers in reliance on the exemption from registration set forth
in Rule144A under the Securities Act, and outside the United States to
non-U.S. persons in reliance on the exemption from registration set forth in
RegulationS under the Securities Act. The Notes and the related guarantees
have not been registered under the Securities Act, or the securities laws of
any state or other jurisdiction, and may not be offered or sold in the United
States without registration or an applicable exemption from the Securities Act
and applicable state securities or blue sky laws and foreign securities laws.
This press release shall not constitute an offer to sell or the solicitation
of an offer to buy, any securities, nor shall there be any sales of the 2022
Notes in any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any such jurisdiction. This notice is being issued pursuant to and in
accordance with Rule 135(c) under the Securities Act.
About Cinemark Holdings, Inc.
Cinemark is a leading domestic and international motion picture exhibitor,
operating 461 theatres with 5,207 screens in 39 U.S. states, Brazil, Mexico,
Argentina and 10 other Latin American countries as of September 30, 2012. For
more information go to investors.cinemark.com.
Certain matters within this press release include "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements may involve known and unknown risks, uncertainties
and other factors that may cause the actual results or performance to differ
from those projected in the forward-looking statements. For a description of
these factors, please review the "Risk Factors" section or other sections in
the Company's Annual Report on Form 10-K filed February 29, 2012 and quarterly
reports on Form 10-Q, filed with the Securities and Exchange Commission. All
forward-looking statements are expressly qualified in their entirety by such
Cinemark Holdings, Inc.
Chanda Brashears, 972-665-1671
Investor Relations Manager
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