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Regal Entertainment Group Announces Closing Of $775 Million Offering Of Senior Notes

Stocks in this article: RGC

Regal Entertainment Group (“Regal” or the “Company”) (NYSE: RGC) announced today that it has closed its public offering of $775 million aggregate principal amount of its 5 3/ 4% senior notes due 2022.

Net proceeds from the offering were approximately $761.4 million, after deducting underwriting discounts and offering expenses. Regal used the net proceeds from the offering to purchase approximately $222.3 million aggregate principal amount of its outstanding 9 1/ 8% senior notes due 2018 and approximately $355.8 million aggregate principal amount of the 8 5/ 8% senior notes due 2019 of Regal Cinemas Corporation, a Delaware corporation and wholly-owned subsidiary of the Company, for an aggregate purchase price of approximately $627.7 million pursuant to its previously announced tender offers for such notes. Regal intends to use the remaining net proceeds to call for redemption all of its 9 1/ 8% senior notes due 2018 and Regal Cinemas Corporation’s 8 5/ 8% senior notes due 2019 that remain outstanding following the consummation of the tender offers in accordance with the terms of the indentures governing such notes.

Credit Suisse Securities (USA) LLC, Barclays Capital Inc., BofA Merrill Lynch, Deutsche Bank Securities Inc. and Wells Fargo Securities, LLC acted as joint book-running managers for the offering. The notes were offered pursuant to the Company’s effective shelf registration statement (File No. 333-182383) on file with the Securities and Exchange Commission (“SEC”). A prospectus supplement relating to the offering has been filed with the SEC. A copy of the prospectus supplement and related base prospectus can be obtained by either contacting Credit Suisse Securities (USA) LLC toll-free at 1-800-221-1037 or by accessing the SEC’s website, www.sec.gov.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the notes described herein, nor shall there be any sale of the notes in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

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