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AMC Networks Inc. Announces Offering of $600 Million of Senior Notes By Globenewswire

NEW YORK, Dec. 10, 2012 (GLOBE NEWSWIRE) -- AMC Networks Inc. (Nasdaq:AMCX) today announced that it is planning a public offering of $600 million in aggregate principal amount of Senior Notes due 2022 (the "Senior Notes").



AMC Networks intends to use the proceeds of the offering to repay the entire outstanding amount under its term loan B facility in an amount equal to approximately $587.6 million and to pay fees and expenses related to the offering, with the remaining proceeds to be used for general corporate purposes.



AMC Networks today filed an automatic shelf registration statement on Form S-3 (including a prospectus) with the United States Securities and Exchange Commission which became effective immediately, and a preliminary prospectus supplement under the registration statement, pursuant to which AMC Networks proposes to offer and sell the Senior Notes. The preliminary prospectus supplement and accompanying prospectus describe the terms of the offering. BofA Merrill Lynch, J.P. Morgan, Barclays, BNP PARIBAS, Citigroup, Credit Agricole CIB, Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co., Guggenheim Securities, Morgan Stanley, RBC Capital Markets, RBS, Scotiabank, SunTrust Robinson Humphrey, UBS Investment Bank and US Bancorp will act as joint book-runners for the offering.


Before you invest, you should read the registration statement, the prospectus, the prospectus supplement and other documents filed with the SEC and incorporated by reference therein for more complete information about AMC Networks and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, copies of the preliminary prospectus supplement and accompanying prospectus for the offering may be obtained from: BofA Merrill Lynch, Attn: Prospectus Department, 222 Broadway, 7th Floor, New York, NY 10038, or by calling toll free 1‑800-294-1322 or by emailing dg.prospectus_request@baml.com.