AMC Entertainment Inc. Announces That It is Calling for Redemption All of Its Outstanding 9 1/2% Senior Subordinated Notes Due 2011.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 9u% Senior Subordinated Notes due 2011 (CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. No. 001669AK6) (the "Notes"). Interest on the Notes 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 is March 19, 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 is 100.000% of the outstanding principal amount thereof. AMC will pay accrued and unpaid interest of approximately $12.667 for each $1,000 principal amount of the Notes redeemed, which represents accrued and unpaid interest up to, but not including, the redemption date. As of February 15, 2007, $212,811,000 aggregate principal amount of the Notes were outstanding. The formal redemption notice required by the indenture pursuant to which the notes were issued has been sent to the trustee. The redemption of the Notes and the payment of the redemption price will be in accordance with the terms specified in the redemption notice 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 411 theatres and 5,635 screens in 11 countries including the United States. 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. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion