AMC Networks Inc. announced its intention to offer $400 million aggregate principal amount of senior secured notes due 2032 in a private offering. These new notes will be unconditionally guaranteed by its domestic subsidiaries on a senior secured basis.
The company expects to use the net proceeds from this offering, along with cash on hand, to fund a cash tender offer. This tender offer aims to purchase up to $450 million aggregate principal amount of its outstanding 4.25% Senior Notes due 2029.
The tender offer commenced on June 17, 2025, and is scheduled to expire on July 17, 2025. This strategic financial maneuver is designed to proactively manage the company's debt profile, extend maturities, and enhance its overall financial flexibility.
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