logo
Share SHARE
FONT-SIZE Plus   Neg

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 RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Amazon.com Inc. is working on developing a pair of smart glasses that would allow to summon and interact with virtual assistant Alexa while wearing the device, the Financial Times reported, citing people familiar with the plans. The glasses, which would be required to be connected wirelessly to a smartphone to work, is reportedly designed to look like a regular pair of spectacles. Employees at Bombardier Inc.'s aerospace plant in Toronto plan to walk out of the facility on Wednesday morning. The move is an attempt to put pressure on Boeing Co. to drop a trade complaint against the Canadian plane and train maker. The Baltimore Ravens, a professional American football team, postponed its "DNA Day" event just hours before this season's home opener last Sunday. Orig3n Inc., a Boston-based biotech company sponsoring the event, said in a statement that it is "working to address questions from officials from the state of Maryland."
comments powered by Disqus
Follow RTT