AMC Networks Inc. Announces Offering of $600 Million of Senior Notes
NEW YORK, Dec. 10, 2012 (GLOBE NEWSWIRE) -- AMC Networks Inc. (Nasdaq:AMCX)
today announced that it is planning a public offering of $600 million in
aggregate principal amount of Senior Notes due 2022 (the "Senior Notes").
AMC Networks intends to use the proceeds of the offering to repay the entire
outstanding amount under its term loan B facility in an amount equal to
approximately $587.6million and to pay fees and expenses related to the
offering, with the remaining proceeds to be used for general corporate
AMC Networks today filed an automatic shelf registration statement on Form S-3
(including a prospectus) with the United States Securities and Exchange
Commission which became effective immediately, and a preliminary prospectus
supplement under the registration statement, pursuant to which AMC Networks
proposes to offer and sell the Senior Notes. The preliminary prospectus
supplement and accompanying prospectus describe the terms of the offering.
BofA Merrill Lynch, J.P. Morgan, Barclays, BNP PARIBAS, Citigroup, Credit
Agricole CIB, Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co.,
Guggenheim Securities, Morgan Stanley, RBC Capital Markets, RBS, Scotiabank,
SunTrust Robinson Humphrey, UBS Investment Bank and US Bancorp will act as
joint book-runners for the offering.
Before you invest, you should read the registration statement, the prospectus,
the prospectus supplement and other documents filed with the SEC and
incorporated by reference therein for more complete information about AMC
Networks and this offering. You may get these documents for free by visiting
EDGAR on the SEC Web site at www.sec.gov. Alternatively, copies of the
preliminary prospectus supplement and accompanying prospectus for the offering
may be obtained from: BofA Merrill Lynch, Attn: Prospectus Department, 222
Broadway, 7^th Floor, New York, NY 10038, or by calling toll free
1‑800-294-1322 or by emailing firstname.lastname@example.org.
Dedicated to producing and distributing quality programming and content for
more than 30 years, AMC Networks owns and operates several of the most popular
and award-winning brands in cable television. AMC, IFC, Sundance Channel, WE
tv, and IFC Films deliver distinctive, compelling and culturally relevant
content that engages audiences across multiple platforms. The Company also
operates AMC/Sundance Channel Global, an international programming business,
and AMC Networks Broadcasting & Technology, a full-service network programming
feed origination and distribution company.
This press release shall not constitute an offer to sell or the solicitation
of an offer to buy any securities nor will there be any sale of these
securities in any state or other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or other jurisdiction. The
offering of these securities will be made only by means of the prospectus
supplement and the accompanying prospectus.
This press release may contain statements that constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995.Investors are cautioned that any such forward-looking statements are
not guarantees of future performance or results and involve risks and
uncertainties, and that actual results or developments may differ materially
from those in the forward-looking statements as a result of various factors,
including financial community and rating agency perceptions of the company and
its business, operations, financial condition and the industries in which it
operates and the factors described in the company's filings with the
Securities and Exchange Commission, including the sections entitled "Risk
Factors" and "Management's Discussion and Analysis of Financial Condition and
Results of Operations" contained therein. The company disclaims any obligation
to update any forward-looking statements contained herein.
CONTACT: Investor Relations
Press spacebar to pause and continue. Press esc to stop.