Plus   Neg

Cinemark USA Announces Pricing Of $530 Mln Of 4.875% Senior Notes Due 2023

Cinemark Holdings, Inc. (CNK) announced that its wholly-owned subsidiary, Cinemark USA, Inc. priced private offering of $530 million of 4.875% Senior Notes due 2023. The company expects to close the offering on May 24, 2013.

The 2023 Notes will be guaranteed by certain of subsidiaries that guarantee or become liable with respect to any of the Company's and the guarantors' other debt.

The company intends to use the net proceeds from the sale of the 2023 Notes, together with cash on hand, to finance a redemption of its 8.625% Senior Notes due 2019.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Meredith Corp. said Wednesday that it has decided to explore the sale of its Time, Sports Illustrated, Fortune, and Money brands. In addition, the company will cut 1,000 jobs over the next ten months as part of its plan to realize cost synergies from its acquisition of Time Inc. Further, Meredith has notified about 200 employees that their positions have been eliminated. Canadian integrated oil company Cenovus Energy Inc. said Thursday that the critical shortage of export pipeline capacity in Western Canada is having a negative impact on the Canadian oil industry and showed the urgent need for approved pipeline projects in Canada to proceed as soon as possible. The company noted that Canadian heavy oil is selling at a wide discount to West Texas Intermediate. Conagra Brands, Inc. (CAG) reported that its third-quarter adjusted earnings per share from continuing operations grew 27.1% to $0.61 from $0.48, prior year. On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $0.56 for the quarter. Analysts' estimates typically exclude special items. Aided by a lower effective tax rate, earnings per share from continuing operations grew 112.2% to $0.87 from $0.41, a year ago.
comments powered by Disqus
Follow RTT