AMC Networks Inc. Completes $143.75 Million Convertible Senior Notes Offering
06.24.24
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The Firm recently represented the initial purchasers, BofA Securities, Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, in the offering of $143.75 million aggregate principal amount of 4.25% Convertible Senior Notes due 2029 by AMC Networks Inc., which includes the full exercise of the initial purchasers’ option to purchase additional Notes. AMC Networks intends to use the net proceeds from this offering for general corporate purposes, which may include the repayment of indebtedness.
AMC Networks (NYSE: AMCX) is a global entertainment company known for its popular and award-winning content. The Company distributes its content to audiences globally on an array of distribution platforms, including linear networks, subscription streaming services and other ad-supported streaming platforms, as well as through licensing arrangements. AMC Networks has an extensive library of television and film properties, including several storied franchises such as The Walking Dead Universe, the Anne Rice catalog, and the Agatha Christie library that are well-known to global audiences.
The Simpson Thacher team included Roxane Reardon, Matt Hart and Sally Jo (Capital Markets) and Jonathan Cantor and Ruoxi Zhang (Tax).