National CineMedia, LLC Closes on Refinancing of its Senior Secured Credit Facility

  National CineMedia, LLC Closes on Refinancing of its Senior Secured Credit

Business Wire

CENTENNIAL, Colo. -- May 2, 2013

National CineMedia, LLC (“NCM LLC”) and National CineMedia, Inc. (NASDAQ:
NCMI) (the “Company”), the managing member and owner of 46.9% of NCM LLC,
announced today that NCM LLC closed on an amended senior secured credit
facility. The amended senior secured credit facility increases NCM LLC’s
borrowings under its term loans from $265 million to $270 million in order to
pay costs and expenses incurred with the amended credit facility and for
general corporate purposes. Pricing on the new term loans decreased by 50
basis points to the LIBOR index plus 2.75%. In addition, the amended senior
secured credit facility reduces the applicable margin on $110 million of NCM
LLC’s revolving credit facility by 25 basis points to the LIBOR index plus

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 approximately 19,300 screens (over 18,400 digital).
During 2012, approximately 710 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 740 locations in 172 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 46.9% 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 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, LLC
Investor Contact:
David Oddo, 800-844-0935
Media Contact:
Amy Jane Finnerty, 212-931-8177
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