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National CineMedia, LLC Plans $315 Million Private Senior Notes Offering

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

National CineMedia, LLC and National CineMedia, Inc. (NCMI), the managing member and owner of 48.6% of National CineMedia, LLC, said Wednesday that National CineMedia, LLC plans to offer in a private placement $315 million aggregate principal amount of Senior Secured Notes due 2022.

National CineMedia, LLC said it plans to use the net proceeds from the proposed offering to repay $275 million of outstanding term loan borrowings under its senior secured credit facility, to terminate swap agreements associated with those borrowings, and to pay related fees and expenses. Any remaining net proceeds will be used for general corporate purposes, including the repayment of any outstanding balances under our revolving credit agreement.

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