National CineMedia, LLC Announces Pricing of $250 Million of 5.75% Senior Notes Due 2026
August 16 2016 - 04:00PM
Business Wire
National CineMedia, LLC (“NCM LLC”) and National CineMedia, Inc.
(NASDAQ: NCMI) (the “Company”), the managing member and owner of
43.6% of NCM LLC, announced today that NCM LLC has priced its
private placement $250 million aggregate principal amount of 5.75%
Senior Notes due 2026 (the “Notes”). The private placement of the
Notes is expected to close on Friday, August, 19, 2016, subject to
certain closing conditions. The Notes will be senior unsecured
obligations of NCM LLC, and will bear interest at a fixed rate.
NCM LLC intends to use the net proceeds from the proposed
offering to finance the redemption of its $200 million Senior Notes
due 2021 and to pay related fees and expenses. Any remaining net
proceeds will be used for general corporate purposes, including the
repayment of any outstanding balances under NCM LLC’s revolving
credit facility.
The Notes have not been registered under the Securities Act of
1933, as amended (the “Securities Act”), or applicable state
securities laws and may not be offered or sold in the United States
absent registration or an applicable exemption from the
registration requirements of the Securities Act and applicable
state securities laws. NCM LLC plans to offer and sell the Notes
only to qualified institutional buyers pursuant to Rule 144A under
the Securities Act and to persons outside the United States
pursuant to Regulation S under the Securities Act.
This press release is for informational purposes only and does
not constitute an offer to sell or the solicitation of an offer to
buy the offered Notes, nor shall there be any sales of 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 press release shall
not constitute a notice of redemption with respect to the Senior
Notes due 2021.
Forward Looking Statements
This press release contains various forward-looking statements
that reflect management’s current expectations or beliefs regarding
future events, including the proposed notes offering by NCM LLC.
Investors are cautioned that reliance on these forward-looking
statements involves risks and uncertainties. Although NCM LLC and
the Company believe 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160816006211/en/
National CineMediaInvestor Contact:David Oddo,
800-844-0935investors@ncm.comorMedia Contact:Amy Jane
Finnerty, 212-931-8117amy.finnerty@ncm.com
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