Cinemark USA, Inc. Announces Completion of Early Redemption of $470 Million of 8.625% Senior Notes due 2019
Cinemark Holdings, Inc. (NYSE:CNK) announced today that through its
wholly-owned subsidiary, Cinemark USA, Inc. (the "Company"), the Company
completed the early redemption of 100% of its $470 Million of 8.625%
Senior Notes due 2019.
The Company used the net proceeds from its sale of $530 Million of
4.875% Senior Notes due 2023, which closed May 24, 2013, together with
cash on hand, to finance the early redemption and related premium of its
$470 Million of 8.625% Senior Notes due 2019 for an aggregate purchase
price of approximately $526.6 Million.
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 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.
Copyright Business Wire 2013