AMC Global Media Inc. (AMCX): debt financing — AMC Networks issues $875M 10.25% senior secured notes due 2029; extends credit facility to 2028

AMC Global Media Inc.

Issued $875M of 10.25% Senior Secured Notes due Jan 15, 2029; interest payable semiannually starting Jul 15, 2024.
Partial prepayment of Term Loan A to $425M outstanding; revolving credit facility reduced to $175M.
Extended maturity of $325M Term Loan A and all revolving commitments to April 9, 2028.
Notes are senior secured obligations ranking equally with existing and future senior debt.
Amendment No. 3 includes covenant modifications and other changes to the credit agreement.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

AMC Global Media Inc. amended credit facility with JPMorgan Chase Bank, N.A., as Administrative Agent maturing April 9, 2028.

Instrument: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as Administrative Agent
Maturity: April 9, 2028
Event: amendment

Exact text from the filing

pursuant to Amendment No. 3, the maturity date of $325 million principal amount of loans under the Term Loan A Facility as well as all of the commitments under the Revolving Credit Facility has been extended to April 9, 2028.

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

AMC Global Media Inc. incurred senior notes of $875,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association, as Trustee at 10.25% per annum maturing January 15, 2029.

Instrument: senior notes
Principal: $875,000,000 aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association, as Trustee
Rate: 10.25% per annum
Maturity: January 15, 2029
Event: incurrence

Exact text from the filing

On April 9, 2024, AMC Networks completed an offering of $875,000,000 aggregate principal amount of its 10.25% Senior Secured Notes due 2029 (the “Notes”)

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

AMC Global Media Inc. amended Amendment No. 3 with Bank of America, N.A., JPMorgan Chase Bank, N.A. (effective 2024-04-09).

Action: amendment
Agreement: credit facility
Counterparty: Bank of America, N.A., JPMorgan Chase Bank, N.A.
Effective: 2024-04-09

Exact text from the filing

On April 9, 2024, AMC Networks Inc. (“AMC Networks”) entered into Amendment No. 3 (“Amendment No. 3”) to the Second Amended and Restated Credit Agreement, dated as of July 28, 2017

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

AMC Global Media Inc. entered into Indenture with U.S. Bank Trust Company, National Association valued at $875,000,000 aggregate principal amount (effective 2024-04-09).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $875,000,000 aggregate principal amount
Effective: 2024-04-09

Exact text from the filing

On April 9, 2024, AMC Networks completed an offering of $875,000,000 aggregate principal amount of its 10.25% Senior Secured Notes due 2029

View on SEC.gov

304 debt financings filed in the last 30 days. Browse all debt financings →

AMC Global Media Inc. filing history →

Source: SEC EDGAR

accession 0001514991-24-000013

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.