AMC Networks Inc. Announces Closing of Offering of $600 Million of Senior Notes

AMC Networks Inc. Announces Closing of Offering of $600 Million of Senior

NEW YORK, Dec. 17, 2012 (GLOBE NEWSWIRE) -- AMC Networks Inc. (Nasdaq:AMCX)
today announced that it has closed a public offering of $600 million in
aggregate principal amount of 4.75% Senior Notes due 2022 (the "Senior

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 $588.0 million and to pay fees and expenses related to the
offering, with the remaining proceeds to be used for general corporate

The senior notes are being offered pursuant to the company's existing shelf
registration statement, which became automatically effective upon filing with
the Securities and Exchange Commission. A final prospectus supplement and
accompanying prospectus describing the terms of the offering was filed with
the Securities and Exchange Commission. You may get these documents for free
by visiting EDGAR on the SEC Web site at 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 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 acted as joint
book-running managers for the offering.

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 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
         Seth Zaslow
         (646) 273-3766
         Corporate Communications
         Georgia Juvelis
         (917) 542-6390
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