newsfilter
← Latest News
GlobeNewswire·

AMC Networks Announces Early Tender Results of Any and All Exchange Offer and Consent Solicitation for its 10.25% Senior Secured Notes due 2029

AMCX
  • AMC Networks announced early participation results as of March 6, 2026, showing approximately $830.6 million (95%) of outstanding Old Notes tendered for exchange into New Notes, along with $9.9 million in consents delivered without tendering.
  • The company secured the Requisite Notes Consents required to amend the Old Notes Indenture, enabling the execution of a Supplemental Indenture on March 9, 2026, to permit equity buybacks up to $50 million.
  • Withdrawal rights for the Exchange Offer expired at 5:00 p.m. on March 6, 2026, preventing holders from withdrawing validly tendered Old Notes or consent-only votes after the Consent Time.
  • Holders who tendered Old Notes prior to the Early Tender Time are entitled to a Total Consideration of $1,065 in New Notes per $1,000 of Old Notes, with settlement expected on March 13, 2026.
  • Holders tendering Old Notes after the Early Tender Time but before the March 23, 2026, Expiration Time will receive an Exchange Consideration of $1,015 in New Notes per $1,000 of Old Notes, with final settlement expected on March 25, 2026.
  • The aggregate consideration for all exchanges will be reduced by a Net Interest Deduction calculated as the difference between accrued interest on the New Notes and the Old Notes from the last payment date to the applicable settlement date.
  • The New Notes constitute a further issuance of the 10.50% Senior Secured Notes due 2032, will be fungible with the Original 2032 Notes, \& will trade under the same CUSIP numbers except for Regulation S issuances.
  • The Exchange Offer is restricted to Eligible Holders, defined as qualified institutional buyers under Rule 144A or non-U.S. persons purchasing in offshore transactions under Regulation S, with no registration under U.S. securities laws.
  • J.P. Morgan Securities LLC serves as the lead dealer manager \& solicitation agent, while Citigroup, Fifth Third, Morgan Stanley, Truist, \& U.S. Bancorp act as co-dealer managers.
  • The Offering Memorandum will be distributed only to holders who complete an eligibility letter, which can be obtained through the exchange agent D.F. King & Co. Inc.