Amc networks announces the termination of its cash tender offers for senior notes due 2024 and 2025

New york, march 16, 2023 (globe newswire) -- amc networks inc. (nasdaq: amcx) (the “company”) announced today that it has terminated its previously announced cash tender offers (together, the “offers” and each, individually, an “offer”), the terms and conditions of which are described in an offer to purchase, dated february 17, 2023 (the “offer to purchase”), to purchase up to $800,000,000 aggregate principal amount of its outstanding 5.00% senior notes due 2024 (the “2024 notes”) and 4.75% senior notes due 2025 (the “2025 notes” and, together with the 2024 notes, the “notes”) as a result of the financing condition (as defined in the offer to purchase) not having been satisfied. as a result of the termination of the offers, no notes will be purchased in the offers and all notes validly tendered (and not validly withdrawn) will be promptly returned to tendering holders. no consideration will be paid in the offers for any of the tendered notes.
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