Cinemark USA, Inc. Announces the Consummation of the Cash Tender Offer for Any & All of Cinemark USA, Inc.’s 5.125% Senior ...
March 16 2021 - 2:31PM
Business Wire
Cinemark Holdings, Inc. (NYSE:CNK) (the “Company”) announced
today that the previously announced cash tender offer by its
wholly-owned subsidiary, Cinemark USA, Inc. (“Cinemark USA”), to
purchase any and all of Cinemark USA’s 5.125% Senior Notes due 2022
(the “Notes”) expired at 5:00 p.m., New York City time, on March
11, 2021 (the “Expiration Time”). Following the Expiration Time and
the notice of guaranteed delivery date, $333,990,000 aggregate
principal amount of the Notes (83.50%) were validly tendered.
Cinemark USA accepted for payment all Notes validly tendered and
not validly withdrawn in the tender offer and made payment for the
Notes on March 16, 2021.
Wells Fargo Securities, LLC acted as dealer manager. Persons
with questions regarding the tender offer should contact Wells
Fargo Securities, LLC at (704) 410-4756 (collect) or (866) 309-6316
(toll-free), or the information agent and tender agent, D.F. King
& Co., Inc., at (800) 317-8033 (toll-free) or for banks and
brokers, at (212) 232-3233 (Banks and Brokers only), by e-mail at
cnk@dfking.com or at the following web address:
www.dfking.com/cinemark.
This press release is not an offer to purchase or a solicitation
of an offer to sell any of these securities and shall not
constitute an offer, solicitation or sale in any jurisdiction in
which such offer, solicitation or sale is unlawful, and does not
constitute a redemption notice for any securities.
About Cinemark:
Headquartered in Plano, TX, Cinemark (NYSE: CNK) is one of the
largest and most influential movie theatre companies in the world.
Cinemark’s circuit, comprised of various brands that also include
Century, Tinseltown and Rave, operates 531 theatres with 5,958
screens in 42 states domestically and 15 countries throughout South
and Central America. Cinemark consistently provides an
extraordinary guest experience from the initial ticket purchase to
the closing credits, including Movie Club, the first U.S.
exhibitor-launched subscription program; the highest Luxury Lounger
recliner seat penetration among the major players; XD - the No. 1
exhibitor-brand premium large format; and expansive food and
beverage options to further enhance the movie-going experience.
Forward-looking Statements
This press release includes “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended and speak only as of the date hereof. The “forward-looking
statements” include our current expectations, assumptions,
estimates and projections about our business and our industry. They
include statements relating to future revenues, expenses and
profitability, the future development and expected growth of our
business, projected capital expenditures, attendance at movies
generally or in any of the markets in which we operate, the number
or diversity of popular movies released and our ability to
successfully license and exhibit popular films, national and
international growth in our industry, competition from other
exhibitors and alternative forms of entertainment, and
determinations in lawsuits in which we are defendants. You can
identify forward-looking statements by the use of words such as
“may,” “should,” “could,” “estimates,” “predicts,” “potential,”
“continue,” “anticipates,” “believes,” “plans,” “expects,” “future”
and “intends” and similar expressions which are intended to
identify forward-looking statements. These statements are not
guarantees of future performance and are subject to risks and
uncertainties, some of which are beyond our control and difficult
to predict, including, among others, the impacts of COVID-19. Such
risks and uncertainties could cause actual results to differ
materially from those expressed or forecasted in the
forward-looking statements. In evaluating forward-looking
statements, you should carefully consider the risks and
uncertainties described in the “Risk Factors” section or other
sections in, or incorporated by reference to, Cinemark Holdings’s
Annual Report on Form 10-K filed February 26, 2021 and Cinemark
Holdings’s Current Report on Form 8-K filed March 4, 2021. All
forward-looking statements attributable to us or persons acting on
our behalf are expressly qualified in their entirety by these
cautionary statements and risk factors. These forward-looking
statements speak only as of the date hereof and we undertake no
obligation, other than as required by law, to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20210316005975/en/
Chanda Brashears VP Investor Relations and Corporate
Communications (972) 665-1671 cbrashears@cinemark.com
Cinemark (NYSE:CNK)
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