Regal Entertainment Group Posts Cash Tender Offers for its 91/8 percent Senior Notes due 2018 and Regal Cinemas Corp.'s 85/8 percent Senior Notes due 2019
Regal Entertainment Group announced that it has commenced an offer to purchase for cash any and all of the 91/8 percent Senior Notes due 2018 of the Company listed and any and all of the 85/8 percent Senior Notes due 2019 of Regal Cinemas Corp., a Delaware corporation and subsidiary of the Company, listed at the consideration per $1,000 principal amount set forth next to the corresponding series of Notes.
These offers consist of two separate offers, one for each series of Notes listed below (each, an "Offer" and, collectively, the "Offers"). The Offers are subject to the terms and conditions in the Offer to Purchase, dated February 25, (the "Offer to Purchase"), and the related Letter of Transmittal, dated February 25, (the "Letter of Transmittal").
The Notes validly tendered and not validly withdrawn at or prior to 5 p.m., New York City time, on March 10, (the "Early Tender Date") will be eligible to receive the total offer consideration, as listed in the table below (the "Total Offer Consideration"), which includes the early tender premium, as listed in the table below (the "Early Tender Premium"). The Notes validly tendered after the Early Tender Date, but prior to 12:01 a.m., New York City time, on March 25, unless extended or earlier terminated (the "Expiration Date"), will be eligible to receive the applicable base offer consideration, which includes the applicable Total Offer Consideration minus the applicable Early Tender Premium, as listed in the table below (the "Base Offer Consideration").
The Notes tendered may be withdrawn at any time at or before 5 p.m., New York City time, on March 10, unless extended by the Company (the "Withdrawal Deadline"), but not thereafter.
Regal Entertainment Group operates a theatre circuit.
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