The Firm recently represented the initial purchasers in connection with Cinemark USA, Inc.’s private placement of $225 million aggregate principal amount of additional 4.875% Senior Notes due 2023. Barclays Capital Inc., Morgan Stanley & Co. LLC, Deutsche Bank Securities Inc. and Wells Fargo Securities LLC acted as joint bookrunning managers in connection with the senior notes offering. The notes were issued under the same indenture as the $530 million aggregate principal amount of Cinemark USA, Inc.’s 4.875% Senior Notes due 2023 issued on May 24, 2013 and constitute part of the same series as such existing notes. Cinemark USA, Inc. used the net proceeds from the senior notes offering to redeem all of its outstanding 7.375% Senior Subordinated Notes due 2021, for fees and expenses related to the refinancing transactions and general corporate purposes.
Cinemark USA, Inc. operated a total of 513 theaters and 5,796 screens in the United States and Latin America as of December 31, 2015.
The Simpson Thacher team for the transaction included Ken Wallach, David Azarkh, Alexander Coedo and Eva Kang (Capital Markets); Jonathan Cantor and George Davis (Tax); Jennie Getsin (Blue Sky); Jeanne Annarumma and Holly Gurian (Executive Compensation and Employee Benefits); and Timothy Mulvihill (Environmental).