AMC Entertainment Inc. announces $300 million debt offering

MUMBAI: Theatrical exhibition and entertainment company AMC Entertainment Inc. is proposing to issue $300 million aggregate principal amount of senior notes due 2019 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended.

The company intends to use a portion of the net proceeds from this private offering to purchase the company’s outstanding $250 million aggregate principal amount of eight per cent Senior Notes due 2012 pursuant to a cash tender offer also announced by the company.

AMC Entertainment Inc. also intends to use a portion of the net proceeds from this private offering for other general corporate purposes, which may in the future include to retire any 2012 Notes not purchased in the cash tender offer or portions of other existing indebtedness of the company and indebtedness of the parent companies of the company through open market purchases or by other means. Any retirement of parent indebtedness may involve the dividend of proceeds to the parent companies.

The Notes are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act, and outside the United States, only to non-US investors pursuant to Regulation S. The Notes will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from registration requirements or a transaction not subject to the registration requirements of the Securities Act or any state securities laws. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the Notes, nor does it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

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