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AMC Networks Announces Commencement of Tender Offer for Up to $450,000,000 Aggregate Principal Amount of its 4.25% Senior Notes due 2029

NEW YORK, June 17, 2025 (GLOBE NEWSWIRE) -- AMC Networks Inc. (NASDAQ:AMCX) (the "Company") announced today that it has commenced a cash tender offer (the "Offer") to purchase up to $450,000,000 aggregate principal amount (as such amount may be increased by the Company, the "Maximum Tender Amount") of its outstanding 4.25% Senior Notes due 2029 (the "Notes").

The terms and conditions of the Offer are described in an Offer to Purchase, dated June 17, 2025 (the "Offer to Purchase"). The Company intends to fund the Offer, including accrued interest and fees and expenses payable in connection with the Offer, with the net proceeds from its proposed offering of its senior secured notes due 2032 and cash on hand or other immediately available funds.

The following table sets forth certain terms of the Offer:

 

 

 

 

Dollars per $1,000 Principal Amount of Notes

Title of Notes

CUSIP Number / ISIN

Aggregate Principal Amount Outstanding(1)

Tender Offer Consideration(2)

Early Tender Premium

Total Consideration(2)(3)

4.25% Senior Notes due 2029

00164V AF0 /US00164VAF04

$885,866,000

$765

$50

$815

(1)

As of the date of the Offer to Purchase.

(2)

Holders will also receive accrued and unpaid interest from the last interest payment with respect to the Notes accepted for purchase to, but not including, the Early Settlement Date (if any) or the Final Settlement Date, as applicable.

(3)

Includes the Early Tender Premium.