AMC Networks Intends To Offer $125M Of Convertible Senior Notes Due 2029 In Private Offering
Portfolio Pulse from Benzinga Newsdesk
AMC Networks plans to offer $125 million of convertible senior notes due 2029 in a private offering. The proceeds will be used for general corporate purposes, including potential debt repayment.
June 17, 2024 | 10:46 am
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AMC Networks is issuing $125 million in convertible senior notes due 2029. The funds will be used for general corporate purposes, potentially including debt repayment.
The issuance of convertible senior notes can provide AMC Networks with additional liquidity and flexibility in managing its debt. This move is likely to be viewed positively by investors as it shows proactive financial management.
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