debt
confidence high
sentiment neutral
materiality 0.55
Cinemark USA prices $500M 7.0% senior notes due 2032; proceeds to fund tender offer for 2026 notes
Cinemark Holdings, Inc.
- Priced $500M aggregate principal of 7.0% Senior Notes due 2032 at par plus accrued interest from July 18, 2024.
- Expected to close July 18, 2024, subject to customary closing conditions; notes are senior unsecured obligations.
- Net proceeds will fund cash tender offer for any and all of Cinemark USA's 5.875% senior notes due 2026, plus fees and expenses.
- Offered to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S.
- Notes and guarantees are unregistered and will not be offered or sold in the U.S. without registration or exemption.