AMC Networks Prices $1 Billion Secured Notes In Upsized Debt Offering

January 26, 2021 6:01 AM | 24 seconds read

AMC Networks Inc. AMCX announced that it has priced 4.25% senior secured notes due 2029 worth $1 billion in an upsized public offering.
The offering was upsized from $500 million proposed earlier that day.
AMCX intends to use $1 billion proceeds to redeem 4.75% senior notes due December 2022 worth $400 million at 100% redemption price, and 5.00% senior notes due April 2024 worth $600 million at 102.50% redemption price.

Posted In: News Offerings Tech Media Debt Offering

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.