debt
confidence high
sentiment neutral
materiality 0.65
AMC Networks exchanges 98% of 10.25% notes for 10.5% notes due 2032, redeems remaining
AMC Global Media Inc.
- Exchanged $861M (98.43%) of 10.25% Senior Secured Notes due 2029 for new 10.50% notes due 2032.
- Final settlement issued ~$31.1M in new notes; total New Notes fungible with existing $400M 10.50% notes due 2032.
- Remaining ~$13.7M of Old Notes called for redemption at 105.125% of principal plus accrued interest on April 6, 2026.
- Coupon increased from 10.25% to 10.50% but maturity extended from 2029 to 2032.