Market Overview

Carmike Cinemas Plans $210M Notes Offering; Will Enter $25M Secured Revolving Credit


Carmike Cinemas, Inc. (NASDAQ: CKEC) today announced its plan to recapitalize its balance sheet, including an unregistered offering of $210 million aggregate principal amount of Senior Secured Notes due 2019, pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended.

Carmike also expects to enter into a new $25million senior secured revolving credit facility to replace its existing revolving credit facility. Carmike expects the new credit facility to remain undrawn at closing.

Posted-In: News Financing


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