GlobeNewswire·Mar 6, 2026, 7:20 PM ET

AMC Networks Announces Expiration of Consent Solicitation to Amend its 10.50% Senior Secured Notes due 2032

AMC Networks announced the expiration of its extended consent solicitation regarding its 10.50% Senior Secured Notes due 2032 on March 6, 2026, at 5:00 p.m. New York City time.
Approximately 99.8% of the aggregate principal amount of the outstanding Notes (excluding holdings by the Company or affiliates) validly delivered consents to amend the governing indenture.
The amendments will permit equity buybacks, redemptions, & other acquisitions up to $50,000,000.
The amendments revise trademark transfer covenants to allow only non-exclusive licenses to unrestricted subsidiaries.
The amendments restrict permitted investments in unrestricted subsidiaries to specific clauses within the existing definition.
A supplemental indenture was executed on February 23, 2026, upon receipt of requisite consents, but the amendments become operative only after the Consent Fee is paid & the Company notifies the trustee.
AMC Networks expects to pay an aggregate cash consideration of $2,000,000, or approximately $5.01 per $1,000 principal amount, to consenting note holders on or about March 10, 2026.
D.F. King & Co., Inc. served as the Information, Tabulation, & Paying Agent, while J.P. Morgan Securities LLC acted as the Solicitation Agent.