debt
confidence high
sentiment neutral
materiality 0.60
Cinemark USA issues $500M 7.0% senior notes due 2032; tenders $345M of 5.875% notes due 2026
Cinemark Holdings, Inc.
- Issued $500M of 7.0% Senior Notes due 2032; interest payable semi-annually starting Feb 1, 2025.
- Tendered $345.3M (85.26%) of its 5.875% Senior Notes due 2026; payment made July 18, 2024.
- New notes are senior unsecured, guaranteed by subsidiary guarantors, and redeemable at Cinemark's option after Aug 1, 2027.
- Proceeds also used to pay fees and for general corporate purposes.