AMC Networks closes $143.75M offering of 4.25% convertible senior notes due 2029

AMC Global Media Inc.

Issued $143.75M aggregate principal of 4.25% convertible senior notes due Feb 15, 2029; includes full exercise of initial purchasers' option.
Initial conversion rate of 78.5083 shares per $1,000 principal (conversion price ~$12.74); convertible after Nov 15, 2028 or earlier upon specified events.
Company may redeem notes on/after Aug 20, 2027 if stock price >=130% of conversion price for 20 of 30 consecutive trading days.
Notes are senior unsecured obligations guaranteed by domestic subsidiaries that guarantee other senior notes; issued via private placement under Rule 144A.
Securities not registered under Securities Act and subject to transfer restrictions; no registration rights granted.

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