National CineMedia, LLC Announces Proposed Private Offering of $250 Million of Senior Notes due 2026
National CineMedia, LLC (“NCM LLC”) and National CineMedia, Inc. (NASDAQ: NCMI) (the “Company”), the managing member and owner
of 43.6% of NCM LLC, announced today that NCM LLC plans to offer in a private placement $250 million aggregate principal amount of
Senior Notes due 2026 (the “Notes”). The Notes will be senior unsecured obligations of NCM LLC, and will bear interest at a fixed
rate.
NCM LLC intends to use the net proceeds from the proposed offering to finance the redemption of its $200 million Senior Notes
due 2021 and to pay related fees and expenses. Any remaining net proceeds will be used for general corporate purposes, including
the repayment of a portion of outstanding borrowings under NCM LLC’s revolving credit facility.
The Notes have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or applicable state
securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the
registration requirements of the Securities Act and applicable state securities laws. NCM LLC plans to offer and sell the Notes
only to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to persons outside the United Sates
pursuant to Regulation S under the Securities Act.
This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer
to buy the offered Notes, nor shall there be any sales of 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 press release shall not
constitute a notice of redemption with respect to the Senior Notes due 2021.
Forward Looking Statements
This press release contains various forward-looking statements that reflect management’s current expectations or beliefs
regarding future events, including the proposed notes offering by NCM LLC. Investors are cautioned that reliance on these
forward-looking statements involves risks and uncertainties. Although NCM LLC and the Company believe that the assumptions
used in the forward-looking statements are reasonable, any of these assumptions could prove to be inaccurate and, as a result,
actual results could differ materially from those expressed or implied in the forward-looking statements.
National CineMedia, Inc.
Investor Contact:
David Oddo
800-844-0935
investors@ncm.com
or
Media Contact:
Amy Jane Finnerty
212-931-8117
amy.finnerty@ncm.com
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