AMC Networks prices $125M convertible notes at 4.25% due 2029

AMC Global Media Inc.

Priced $125M aggregate principal amount of 4.25% convertible senior notes due 2029; optional $18.75M additional capacity.
Initial conversion price ~$12.74/share, a 25% premium over $10.19 closing price on June 17, 2024.
Net proceeds for general corporate purposes, including debt repayment; closing expected June 21, 2024.
Notes are senior unsecured obligations, guaranteed by domestic subsidiaries; interest paid semi-annually.

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