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
Computer and printer maker Hewlett-Packard Co. said Thursday after the markets closed that its second quarter profit fell 21% from last year, hurt by lower revenue and costs related to the planned separation of the company. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Accounting software maker Intuit reported a plunge in third-quarter profit, hurt by impairment charges, even as results topped Wall Street estimates, driven by growth in small business segment amid a strong tax season. Struggling teen-apparel retailer Aeropostale Inc. (ARO), Thursday said its first-quarter loss narrowed from a year ago, driven largely by stronger margins even as revenues continued to plunge dropped. Nevertheless, the company lost almost one-fifth of its market value in after-hours trade, with the...
comments powered by Disqus
Follow RTT