AMC Networks announces proposed private offering of senior secured notes

AMC Networks intends to offer, subject to market conditions and other factors, $700 million aggregate principal amount of senior secured notes due 2029 in a private offering. The Notes will be unconditionally guaranteed, on a joint and several basis, by each of AMC Networks’ existing and future domestic subsidiaries, subject to certain exceptions, on a senior secured basis. AMC Networks expects to use the net proceeds from the offering of the Notes, as well as cash on hand or other immediately available funds, to fund its tender offer to purchase for cash any and all of its outstanding approximately $775 million of 4.75% Senior Notes due 2025 and to redeem any 2025 Notes that remain outstanding after completion of the Tender Offer.