Simpson Thacher Represents Initial Purchasers in Connection with Cinemark USA, Inc.’s $530 Million Senior Notes Offering
05.24.13
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The Firm recently represented the initial purchasers in connection with Cinemark USA, Inc.’s private placement of $530 million aggregate principal amount of 4.875% Senior Notes due 2023. Barclays Capital Inc., Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Wells Fargo Securities LLC acted as joint book-running managers in connection with the senior notes offering. Cinemark USA, Inc. intends to use the net proceeds from the senior notes offering, together with cash on hand, to redeem all of its outstanding 8.625% Senior Notes due 2019 and for fees and expenses related to the refinancing transactions.
Cinemark USA, Inc. operated a total of 467 theaters and 5,259 screens in the United States and Latin America as of March 31, 2013.
The Simpson Thacher team for the transaction included Ken Wallach, David Azarkh, Miles Chan and Sara Campbell (Capital Markets), Jonathan Cantor and Drew Purcell (Tax), Jennie Getsin (Blue Sky), Jeanne Annarumma and Daniel Avezbaki (Executive Compensation and Employee Benefits) and Timothy Mulvihill (Environmental).