AMC Entertainment Inc. Announces Completion of Cash Tender Offer and Consent Solicitation
LEAWOOD, Kan.--(BUSINESS WIRE)--(“AMC” or the “Company”) announced today the completion of its previously announced cash tender offer (the “Tender Offer”) and consent solicitation (the “Consent Solicitation”) to purchase any and all of its outstanding 8.75% Senior Notes due 2019 (the “Notes”). The Tender Offer expired at 11:59 p.m. New York City time, on February 12, 2014 (the “Expiration Date”). Holders of $463,950,000, or approximately 77.3%, of the Company’s outstanding Notes validly tendered (or defective tender waived by the Company) and did not withdraw their Notes prior to the expiration of the consent payment deadline on January 29, 2014 at 5:00 p.m. New York City time (the “Consent Date”). An additional $14,000 of Notes were tendered from the Consent Date to the Expiration Date.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any security. No offer, solicitation, or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful.
Requests for documents relating to the Tender Offer may be directed to Global Bondholder Services Corp., the Information Agent, at (866)-807-2200 or (212) 430-3774. Citigroup Global Markets Inc. acted as Dealer Manager for the Tender Offer and Solicitation Agent for the Consent Solicitation. Questions regarding the Tender Offer and Consent Solicitation may be directed to Citigroup Global Markets Inc. at (800) 558-3745 (U.S. toll-free) and (212) 723-6106 (New York).
About AMC Entertainment Inc.
AMC Theatres® delivers distinctive and affordable movie-going experiences at 343 theatres and 4,950 screens primarily in the United States. AMC has propelled a history of industry innovation and continues today by delivering comfort and convenience, enhanced food and beverage, guest engagement and loyalty, premium sight and sound and targeted programming to audiences in its theatres across the United States.
This press release includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “forecast”, “estimate”, “project”, “intend”, “expect”, “should”, “believe” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward looking statements include any statements regarding the Company’s strategic and operational plans. Forward looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward looking statements are based on information available at the time those statements are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward looking statements. The Company does not intend, and undertakes no duty, to update this information to reflect future events or circumstances.