NEW YORK, Dec. 10, 2012 (GLOBE NEWSWIRE) -- AMC Networks Inc. (Nasdaq:AMCX) today announced that it is planning a public offering of $600 million in aggregate principal amount of Senior Notes due 2022 (the "Senior Notes").
AMC Networks intends to use the proceeds of the offering to repay the entire outstanding amount under its term loan B facility in an amount equal to approximately $587.6 million and to pay fees and expenses related to the offering, with the remaining proceeds to be used for general corporate purposes.
AMC Networks today filed an automatic shelf registration statement on Form S-3 (including a prospectus) with the United States Securities and Exchange Commission which became effective immediately, and a preliminary prospectus supplement under the registration statement, pursuant to which AMC Networks proposes to offer and sell the Senior Notes. The preliminary prospectus supplement and accompanying prospectus describe the terms of the offering. BofA Merrill Lynch, J.P. Morgan, Barclays, BNP PARIBAS, Citigroup, Credit Agricole CIB, Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co., Guggenheim Securities, Morgan Stanley, RBC Capital Markets, RBS, Scotiabank, SunTrust Robinson Humphrey, UBS Investment Bank and US Bancorp will act as joint book-runners for the offering.Before you invest, you should read the registration statement, the prospectus, the prospectus supplement and other documents filed with the SEC and incorporated by reference therein for more complete information about AMC Networks and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov . Alternatively, copies of the preliminary prospectus supplement and accompanying prospectus for the offering may be obtained from: BofA Merrill Lynch, Attn: Prospectus Department, 222 Broadway, 7 th Floor, New York, NY 10038, or by calling toll free 1‑800-294-1322 or by emailing email@example.com. Dedicated to producing and distributing quality programming and content for more than 30 years, AMC Networks owns and operates several of the most popular and award-winning brands in cable television. AMC, IFC, Sundance Channel, WE tv, and IFC Films deliver distinctive, compelling and culturally relevant content that engages audiences across multiple platforms. The Company also operates AMC/Sundance Channel Global, an international programming business, and AMC Networks Broadcasting & Technology, a full-service network programming feed origination and distribution company.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV