logo
Plus   Neg
Share
Email

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

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.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Walmart is ditching its dress code policy and is testing a new dress code that will allows "associates" to wear blue denim and shirts of any solid color. The updated dress coded guidelines now allow employees to wear blue "jeggings" and blue jeans and shirts of any solid color, according to a Walmart... Canadian investment firm Fairfax Financial Holdings Ltd. has submitted a "stalking horse" bid worth C$300 million, or $237 million, for the Canadian unit of Toys "R" Us, according to court documents. A stalking horse bid is an initial bid on the assets of a bankrupt company. The bankrupt company will choose an entity from a pool of bidders who will make the first bid on its assets. The car rental market in the U.S. is consolidating as large car rental companies are buying smaller, local companies to expand their portfolio of premium and value brands. The key players in the U.S. market include Enterprise Holdings, Hertz Global Holding and Avis Budget Group. Let's take a look at some of the best and worst car rental companies in the U.S.
Follow RTT