AMC Networks Prices $1 Billion Secured Notes In Upsized Debt Offering

by Mohit Manghnani, Benzinga Editor

January 26, 2021 6:01 AM | 24 seconds read |

AMC Networks Inc. AMCX announced that it has priced 4.25% senior secured notes due 2029 worth $1 billion in an upsized public offering.
The offering was upsized from $500 million proposed earlier that day.
AMCX intends to use $1 billion proceeds to redeem 4.75% senior notes due December 2022 worth $400 million at 100% redemption price, and 5.00% senior notes due April 2024 worth $600 million at 102.50% redemption price.

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