AMC Networks Inc. announced the early results of its cash tender offer for its outstanding 4.25% Senior Notes due 2029, as of the Early Tender Date on July 1, 2025. The company has increased the maximum aggregate principal amount of Notes it may purchase in the Offer from $450 million to $600 million.
The aggregate principal amount of Notes validly tendered at or prior to the Early Tender Date exceeded the new Maximum Tender Amount, resulting in the Notes being accepted subject to proration. Payment for these early tendered Notes is expected to be made on July 3, 2025.
This upsizing and strong early participation demonstrate AMC Networks' successful execution of its debt management strategy. By repurchasing a larger amount of its 2029 notes, the company is proactively reducing its gross debt and extending maturities, which enhances its financial flexibility and reduces future interest obligations.
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