The Firm recently represented the initial purchasers in connection with Cinemark USA, Inc.’s private placement of $470 million aggregate principal amount of 8.625% Senior Notes due 2019. A portion of the net proceeds are being used to fund a cash tender offer by its direct parent, Cinemark, Inc., for its outstanding 9 3/4% senior discount notes due 2014, for which the Firm is representing the dealer manager. Barclays Capital Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities Inc. and Morgan Stanley & Co. Incorporated acted as joint book-running managers for the notes offering and Barclays Capital Inc. is acting as sole dealer manager for the tender offer.
Cinemark USA, Inc. is the second largest motion picture exhibitor in the world, based on number of screens operated, and operates 420 theatres and 4,846 screens in the U.S. and Latin America.
The Simpson Thacher team included Ken Wallach, Marisa Stavenas, Xavier Kowalski and Eli Isak (Capital Markets); Justin Lungstrum (Credit); Jonathan Cantor and Aaron Cohen (Tax); Timothy Mulvihill (Environmental); Gregory Grogan, Jeanne Annarumma and Samantha Shipp (Executive Compensation and Employee Benefits); Krista McManus and Wendy Yu (Real Estate) and Andrew Pagliughi (Blue Sky).