Carmike Cinemas, Inc. Announces Consent Solicitation for its 6.00% Senior Secured Notes due 2023

COLUMBUS, Ga.--(BUSINESS WIRE)--Carmike Cinemas, Inc. [NASDAQ:CKEC] (the “Company”) today announced the solicitation of consents from the holders of its outstanding $230,000,000 aggregate principal amount of 6.00% Senior Secured Notes due 2023 (the “Notes”). The primary purposes of the consent solicitation are to (i) waive the requirement for the Company to comply with the “change of control” covenant in the indenture in connection with the acquisition of all of the outstanding capital stock of the Company by AMC Entertainment Holdings, Inc. (the “Waiver”) and (ii) amend the reporting covenant in the indenture to permit any direct or indirect parent company of the Company, if any, that becomes a guarantor of the Notes to satisfy the Company’s obligations under the reporting covenant by filing and furnishing to holders of the Notes the reports, information and other documents required by the indenture relating to such parent company rather than the Company (the “Proposed Amendments”).