NEW YORK CITY, March 06, 2026 (WORLD NEWSWIRE)– AMC Networks Inc. (” AMC Networks” or the “Business”) (NASDAQ: AMCX) today revealed the early involvement and approval lead to connection with its formerly revealed (i) exchange deal (the “Exchange Deal”) to Qualified Holders (as specified listed below) to exchange any and all of its impressive 10.25% Senior Safe Notes due 2029 (the “Old Notes”) for its newly-issued 10.50% Senior Safe Notes due 2032 (the “New Notes”), and (ii) the solicitation of permissions (the “Authorization Solicitation”) from holders of the Old Notes with regard to the change (the “Proposed Modification”) to the indenture governing the Old Notes (the “Old Notes Indenture”) explained listed below, on the terms and based on the conditions state in a Confidential Offering Memorandum and Authorization Solicitation Declaration, dated since February 23, 2026 (the “Offering Memorandum”). Capitalized terms not specified herein will have the particular significances credited them in the Offering Memorandum.
Qualified Holders of the Old Notes who validly tendered (and did not validly withdraw) their Old Notes prior to the Early Tender Time will be entitled to get the overall factor to consider of $1,065 in aggregate principal quantity of New Notes per $1,000 principal quantity of Old Notes tendered (the “Overall Factor To Consider”), as explained in the Offering Memorandum.
Holders who validly tender their Old Notes after the Early Tender Time will be considered to grant the Modification, and holders might not provide Grant the Modification without validly tendering their Old Notes in the Exchange Deal.
The Exchange Deal and Authorization Solicitation, consisting of the Business’s approval of validly tendered Old Notes and payment of the appropriate factor to consider, is conditioned on the fulfillment or waiver of specific conditions, as explained in the Offering Memorandum. The Business might end, withdraw, change or extend the Exchange Deal and/or Authorization Solicitation in its sole discretion, based on specific exceptions.
J.P. Morgan Securities LLC is functioning as lead dealership supervisor and solicitation representative and Citigroup Global Markets Inc., Fifth Third Securities, Inc., Morgan Stanley & & Co. LLC, Truist Securities, Inc. and U.S. Bancorp Investments, Inc. are functioning as co-dealer supervisors and solicitation representatives.
The Exchange Deal and Authorization Solicitation is made just by, and pursuant to the regards to, the Offering Memorandum, and the details in this press release is certified by referral thereto.
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The Business has actually been recommended that since 5:00 p.m., New york city City time, on March 6, 2026 (the “Early Tender Time”), around $830.6 million aggregate principal quantity of impressive Old Notes, representing around 95% of the impressive Old Notes (aside from Old Notes beneficially owned by the Business or its affiliates), had actually been validly tendered (and not validly withdrawn) pursuant to the Exchange Deal, and the matching Authorizations from holders of those Old Notes were provided (and not validly withdrawed) pursuant to the Authorization Solicitation. The Business has actually likewise been recommended that since 5:00 p.m., New york city City time, on March 6, 2026, holders of around $9.9 million aggregate principal quantity of impressive Old Notes provided (and did not validly withdraw) their Authorizations without tendering Old Notes (the “Authorization Just Alternative”). Authorizations from holders of a minimum of a bulk in aggregate principal quantity of impressive Old Notes (aside from Old Notes beneficially owned by the Business or its affiliates) ballot as a single class (the “Essential Notes Consents”) should be provided and not validly withdrawed to embrace the Proposed Modification. Appropriately, since the Early Tender Time, the Essential Notes Authorizations have actually been provided.
The Business and the guarantors of the Old Notes anticipate to participate in a Supplemental Indenture (the “Supplemental Indenture”) to the Old Notes Indenture attending to the Proposed Modification on March 9, 2026. The Proposed Modification will change the covenant that restricts limited payments in order to allow buybacks, purchases, redemptions, retirements or other acquisitions of AMC Networks Inc.’s equity interests in an aggregate quantity not to go beyond $50,000,000. The Supplemental Indenture will work right away upon execution thereof, however the Proposed Modification will not be personnel till the time when all of the Old Notes that have actually been validly tendered (and not validly withdrawn) prior to the Early Tender Time have actually been accepted for exchange in accordance with the regards to the Offering Memorandum. The Business anticipates settlement of the Old Notes validly tendered (and not validly withdrawn) by the Early Tender Time to take place on March 13, 2026 (” Early Settlement Date”).
Withdrawal rights for the Exchange Deal ended at 5:00 p.m., New york city City time, on March 6, 2026, and, appropriately, Old Notes validly tendered in the Exchange Deal might no longer be withdrawn. In addition, the due date for holders to provide their Authorizations pursuant to the Authorization Just Alternative ended at 5:00 p.m., New york city City time, on March 6, 2026. Authorizations provided in accordance with the Authorization Just Alternative might be validly withdrawed at any time at or prior to the time and date on which the Supplemental Indenture is performed (the “Authorization Time”) and might not be validly withdrawed at any time after the Authorization Time. Holders of Old Notes who validly provided their Authorizations pursuant to the Authorization Just Alternative will not get any factor to consider for providing their Authorizations.
Qualified Holders who have actually not yet tendered or have actually validly withdrawn their Old Notes have till 5:00 P.M., New york city City time, on March 23, 2026, unless extended by the Business (such time and date, as it might be extended, the “Expiration Time”) to tender their Old Notes pursuant to the Exchange Deal. Qualified Holders of the Old Notes who validly tender (and do not validly withdraw) their Old Notes after the Early Tender Time however at or prior to the Expiration Time will be entitled to get exchange factor to consider of $1,015 in aggregate principal quantity of New Notes per $1,000 principal quantity of Old Notes tendered (the “Exchange Factor To Consider”), as explained in the Offering Memorandum. Such exchanges will be settled immediately by the Business after the Expiration Time, which is anticipated to take place on March 25, 2026 (the “Last Settlement Date”), presuming the conditions to the Exchange Deal have actually either been pleased or waived by the Business at or prior to the Expiration Time.
In addition, the aggregate Overall Factor to consider or aggregate Exchange Factor to consider, as appropriate, will be decreased by a quantity equivalent to the outcome of (x) the aggregate quantity of accumulated and unsettled interest due on the New Notes to be provided to Qualified Holders from and consisting of the last interest payment date for the Initial 2032 Notes (as specified listed below) to however not consisting of the appropriate Settlement Date (the “New Notes Accumulated Interest”) less (y) the aggregate quantity of accumulated and unsettled interest due on the Old Notes validly tendered and accepted by us from and consisting of the last interest payment date for such Old Notes to however not consisting of the appropriate Settlement Date (the “Old Notes Accumulated Interest” and the distinction in between the New Notes Accumulated Interest and the Old Notes Accumulated Interest, the “Net Interest Reduction”). No accumulated interest will be paid on Old Notes that hurt and accepted.
The New Notes will be a more issuance of, and will remain in addition to, the 10.50% Senior Safe Notes due 2032 (the “Initial 2032 Notes”) that the Business provided on July 3, 2025 in the aggregate principal quantity of $400 million. The New Notes will be fungible with the Initial 2032 Notes and trade under the very same CUSIP numbers as the Initial 2032 Notes (other than that New Notes provided pursuant to Guideline S will trade independently under a various CUSIP number till a minimum of 40 days after the closing date and afterwards, based on the regards to the Indenture and the appropriate treatments of the depositary).
The Exchange Deal is being made, and the New Notes are being used and provided, just to holders of Old Notes who are fairly thought to be (i) “certified institutional purchasers” as specified in Guideline 144A under the Securities Act of 1933, as modified (the “Securities Act”) or (ii) not U.S. individuals (as specified in Guideline S under the Securities Act) or acquiring for the account or advantage of U.S. individuals, aside from a supplier, and are acquiring the New Notes in an overseas deal in accordance with Guideline S. The holders of Old Notes who are qualified to take part in the Exchange Deal pursuant to the foregoing conditions are described as “Qualified Holders.” Just Qualified Holders are licensed to get or evaluate the Offering Memorandum or to take part in the Exchange Deal and Authorization Solicitation.
The Offering Memorandum will be dispersed just to holders of Old Notes that total and return a letter of eligibility verifying that they are Qualified Holders. Copies of the eligibility letter are readily available to holders through the details and exchange representative for the Exchange Deal and Authorization Solicitation, D.F. King & & Co. Inc., at (800) 967-7510 (U.S. toll-free) or (646) 989-1649 (Banks and Brokers) or [email protected].
This news release will not make up a deal to offer or the solicitation of a deal to exchange or acquire the New Notes, nor will there be any deal or exchange of New Notes in any state or jurisdiction in which such deal, solicitation or sale would be illegal. In addition, this news release is neither a deal to exchange or purchase nor a solicitation of a deal to offer any Old Notes in the Exchange Deal or a solicitation of grant the Modification, and this news release does not make up a notification of redemption with regard to any securities.
The New Notes have actually not been and will not be signed up under the Securities Act or any state securities laws and might not be used or offered in the United States missing registration or a relevant exemption from registration requirements. Appropriately, the New Notes are being used for exchange just to individuals fairly thought to be (i) “certified institutional purchasers” (as specified in Guideline 144A under the Securities Act) or (ii) not U.S. individuals (as specified in Guideline S under the Securities Act) or acquiring for the account or advantage of U.S. individuals, aside from a supplier, and are acquiring the New Notes in an overseas deal in accordance with Guideline S.
AMC Networks (NASDAQ: AMCX) is home to much of the best stories and characters in television and movie and the premier location for enthusiastic and engaged fan neighborhoods all over the world. The Business produces and curates well known series and movies throughout unique brand names and makes them readily available to audiences all over. Its portfolio consists of targeted streaming services AMC+, Acorn Television, Shudder, Sundance Now, ALLBLK, HIDIVE and All Truth; cable television networks AMC, BBC AMERICA (that includes U.S. circulation and sales obligations for BBC News), IFC, SundanceTV and We television; and movie circulation identifies Independent Movie Business and RLJE Movies. The Business likewise runs AMC Studios, its internal studio, production and circulation operation behind well-known and fan-favorite initial franchises consisting of The Strolling Dead Universe and the Anne Rice Immortal Universe; and AMC Networks International, its global shows service.
This news release might consist of declarations that make up positive declarations within the significance of the Personal Securities Lawsuits Reform Act of 1995, consisting of declarations worrying the timing, terms and conclusion of the Exchange Deal and Authorization Solicitation These declarations are based upon management’s present expectations and go through unpredictability and modifications in situations. Financiers are warned that any such positive declarations are not warranties of future efficiency or outcomes and include threats and unpredictabilities which real outcomes or advancements might vary materially from those in the positive declarations as an outcome of different elements, consisting of monetary neighborhood and ranking firm understandings of the Business and its service, operations, monetary condition and the markets in which it runs and the elements explained in the Business’s filings with the Securities and Exchange Commission, consisting of the areas entitled “Threat Aspects” and “Management’s Conversation and Analysis of Financial Condition and Outcomes of Operations” consisted of therein. The Business disclaims any commitment to upgrade any positive declarations consisted of herein.