Cinemark USA, Inc. Announces Pricing of $250 Million Senior Secured Notes Offering
Cinemark Holdings Inc Cinemark Holdings, Inc. (CNK)
Last cinemark holdings inc cinemark holdings, inc. earnings: 2/21 06:15 am
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Source: Business Wire
PLANO, Texas--(BUSINESS WIRE)--Cinemark Holdings, Inc. (NYSE:CNK) announced today that its wholly-owned subsidiary, Cinemark USA, Inc. (the “Company”), priced a private offering (the “Offering”) that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers of $250 million aggregate principal amount of its 8.750% Senior Secured Notes due 2025 (the “Notes”) at the initial offering price of 100% of the principal amount plus accrued and unpaid interest from April 20, 2020. The Offering is expected to close on April 20, 2020, subject to customary closing conditions.The Notes will be guaranteed by certain of the Company's subsidiaries that guarantee, assume or in any other manner become liable with respect to any of the Company's or any guarantor’s other debt. The Notes and the guarantees will be the Company’s and the guarantors’ senior obligations secured by a first-priority lien on certain of the Company’s le
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