Cinemark USA, Inc. Announces Launch of $530 Million of Senior Notes Offering
Cinemark Holdings, Inc. (NYSE:CNK) announced today that through its
wholly-owned subsidiary, Cinemark USA, Inc. (the “Company”), the Company
intends to commence a private offering (the “Offering”) that is exempt
from the registration requirements of the Securities Act of 1933, as
amended (the “Securities Act”) to eligible purchasers of $530 million
aggregate principal amount of Senior Notes due 2023 (the “2023 Notes”).
The 2023 Notes will be guaranteed by certain of the Company’s
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 the 8.625%
Senior Notes due 2019.
The 2023 Notes and the related guarantees will be offered only to
qualified institutional buyers in reliance on the exemption from
registration set forth in Rule 144A under the Securities Act, and
outside the United States to non-U.S. persons in reliance on the
exemption from registration set forth in Regulation S under the
Securities Act. The Notes and the related guarantees have not been
registered under the Securities Act or the securities laws of any state
or other jurisdiction, and may not be offered or sold in the United
States without registration or an applicable exemption from the
registration requirements of the Securities Act and applicable state
securities or blue sky laws and foreign securities laws.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, any securities, nor shall there be any
sales of the 2023 Notes in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction. This
notice is being issued pursuant to and in accordance with Rule 135(c)
under the Securities Act.
About Cinemark Holdings, Inc.:
Cinemark is a leading domestic and international motion picture
exhibitor, operating 467 theatres with 5,259 screens in 39 U.S. states,
Brazil, Mexico, Argentina, and 10 other Latin American countries as of
March 31, 2013. For more information, go to investors.cinemark.com.
Forward-looking Statements
Certain matters within this press release include “forward–looking
statements” within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. Forward-looking statements may involve known and
unknown risks, uncertainties and other factors that may cause the actual
results or performance to differ from those projected in the
forward-looking statements. For a description of these factors, please
review the “Risk Factors” section or other sections in the Company’s
Annual Report on Form 10-K filed February 28, 2013 and quarterly reports
on Form 10-Q, filed with the Securities and Exchange Commission. All
forward-looking statements are expressly qualified in their entirety by
such risk factors.
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