debt
confidence high
sentiment neutral
materiality 0.50
Cinemark USA prices cash tender offer for $405M 5.875% notes due 2026 at $1,001.71 each
Cinemark Holdings, Inc.
- Tender offer for any and all of $405M aggregate principal 5.875% senior notes due 2026.
- Purchase price $1,001.71 per $1,000 principal, based on 5.093% reference yield plus 50 bps fixed spread.
- Tender expires July 15, 2024; settlement expected July 18, 2024.
- Conditioned on Cinemark USA completing debt financing sufficient to fund purchase; no minimum tender condition.
- Holders may withdraw notes at or before expiration; Cinemark USA may amend or terminate the offer.