AMC Entertainment Inc. Announces That It is Calling for Redemption of All of Its Outstanding Senior Floating Rate Notes Due 2010 and 9 7/8% Senior Subordinated Notes Due 2012.KANSAS CITY Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). , Mo. -- AMC (Advanced Mezzanine Card) See AdvancedTCA. Entertainment Inc. ("AMC" or the "Company") announced today that it has called for redemption all of its outstanding Senior Floating Rate Notes due 2010 (CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. No. 001669AW0) (the "Notes due 2010") and 9 a[currency]% Senior Subordinated Notes due 2012 (CUSIP No. 001669AM2) (the "Notes due 2012"). Interest on the Notes due 2010 and the Notes due 2012 will cease to accrue on the redemption date Redemption date The date on which a bond matures or is redeemed. redemption date The date on which a debt security is scheduled to be redeemed by the issuer. The redemption date is the scheduled maturity date or, if applicable, a call date. , which for each is March 23, 2007. The cash redemption price Redemption price See: Call price redemption price 1. The price at which an open-end investment company will buy back its shares from the owners. In most cases, the redemption price is the net asset value per share. 2. for the Notes due 2010 is 103.000% of the outstanding principal amount thereof. AMC will pay accrued and unpaid interest of approximately $9.61 for each $1,000 principal amount of the Notes due 2010 redeemed, which represents accrued and unpaid interest up to, but not including, the redemption date. As of February 21, 2007, $205,000,000 aggregate principal amount of the Notes due 2010 were outstanding. The cash redemption price for the Notes due 2012 is 104.938% of the outstanding principal amount thereof. AMC will pay accrued and unpaid interest of approximately $14.26389 for each $1,000 principal amount of the Notes due 2012 redeemed, which represents accrued and unpaid interest up to, but not including, the redemption date. As of February 21, 2007, $175,000,000 aggregate principal amount of the Notes due 2012 were outstanding. The formal redemption notices required by the respective indentures pursuant to which the Notes due 2010 and the Notes due 2012 were issued have been sent to the trustee. The redemption of the Notes due 2010 and the Notes due 2012 and the payment of the respective redemption prices will be in accordance with the terms specified in the respective redemption notices and the redemption procedures of the trustee. About AMC Entertainment Inc. AMC Entertainment Inc. is a worldwide leader in the theatrical exhibition industry. With a history of industry leadership and innovation dating back to the early 1900s, the Company today serves more than 240 million guests annually through interests in 382 theatres and 5,340 screens in 10 countries including the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The Company is headquartered in Kansas City, Missouri Kansas City is the largest city in the state of Missouri. It encompasses parts of Jackson, Clay, Cass, and Platte counties and is the anchor city of the Kansas City Metropolitan Area, the second largest in Missouri, which includes counties in both Missouri and Kansas. . Additional information is available online at www.amctheatres.com. |
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