AMC Networks Inc. Announces $200 Million Partial Redemption of 4.75% Senior Notes due 2022
February 03 2020 - 5:00PM
AMC Networks Inc. (“AMC Networks” or the “Company”) announced today
that it has given notice of its intention to redeem $200 million of
the outstanding $600 million principal amount of its 4.75% Senior
Notes due 2022 (CUSIP Number 00164V AC7) (the “Notes”) on March 4,
2020 (the “Redemption Date”). The Notes will be redeemed at a
redemption price (the “Redemption Price”) of 100.792% of the
principal amount of the Notes, plus accrued and unpaid interest to,
but excluding, the Redemption Date.
AMC Networks has instructed U.S. Bank National Association, as
the trustee for the Notes (the “Trustee”), to distribute a notice
of redemption to all registered holders of the Notes on February 3,
2020. Copies of such Notice of Redemption and additional
information relating to the procedure for the partial redemption of
the Notes may be obtained from U.S. Bank National Association by
calling 1‑(800)-934-6802.
About AMC Networks Inc.
AMC Networks owns and operates several of cable
television’s most recognized brands delivering high quality content
to audiences and a valuable platform to distributors and
advertisers. The Company manages its business through two
operating segments: (i) National Networks, which principally
includes AMC, WE tv, BBC AMERICA, IFC and SundanceTV; and AMC
Studios, the Company’s television production business; and (ii)
International and Other, which principally includes AMC
Networks International, the Company’s international programming
business; Global Direct-to-Consumer, the Company's subscription
streaming services, Acorn TV, Shudder, Sundance Now and UMC (Urban
Movie Channel); Levity Entertainment Group, the Company’s
production services and comedy venues business; and IFC Films,
the Company's independent film distribution business. For more
information on AMC Networks, please visit the Company’s
website at http://www.amcnetworks.com.
Forward-Looking Statements
This release may contain statements that constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements are
based on management's current expectations and are subject to
uncertainty and changes in circumstances. 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.
ContactsInvestor RelationsSeth Zaslow (646)
273-3766seth.zaslow@amcnetworks.com
Corporate
Communications
Georgia Juvelis (917) 542-6390georgia.juvelis@amcnetworks.com
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