NEW YORK, Dec. 17, 2012 (GLOBE NEWSWIRE) -- AMC Networks Inc. (Nasdaq:AMCX) today announced that it has closed a public offering of $600 million in aggregate principal amount of 4.75% 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 $588.0 million and to pay fees and expenses related to the offering, with the remaining proceeds to be used for general corporate purposes.
The senior notes are being offered pursuant to the company's existing shelf registration statement, which became automatically effective upon filing with the Securities and Exchange Commission. A final prospectus supplement and accompanying prospectus describing the terms of the offering was filed with the Securities and Exchange Commission. 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 firstname.lastname@example.org. 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 acted as joint book-running managers for the offering.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.