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Regal Entertainment begins tender offers for 9 1/8% and 8 5/8% notes
By Susanna Moon
Chicago, Feb. 25 - Regal Entertainment Group began two separate tender offers for its $311,362,000 of 9 1/8% senior notes due 2018 and the $400 million 8 5/8% senior notes due 2019 issued by Regal Cinemas Corp., a wholly owned subsidiary.
The total purchase price per $1,000 principal amount will be $1,081.97 for the 9 1/8% notes and $1,070.73 for the 8 5/8% notes.
The total amount includes a $30 early tender premium per $1,000 of notes tendered by 5 p.m. ET on March 10, the early tender date.
Those who tender after the early deadline will receive the total payment less the early premium.
The tender offer will end at 12:01 a.m. ET on March 25.
Tendered notes may be withdrawn by the early tender date.
The offers are conditioned on completing financing.
Credit Suisse Securities (USA) LLC (800 820-1653 or 212 325-2476 collect), Barclays (800 438-3242 or 212 528-7581 collect), BofA Merrill Lynch (888 292-0070 or 980 387-3907 collect), Deutsche Bank Securities Inc. (866 627-0391 or 212 250-2955 collect) and Wells Fargo Securities, LLC (866 309-6316 or 704 410-4760 collect) are the dealer managers. D.F. King & Co., Inc. (212 269-5550 for banks and brokers only or 800 431-9633) is the information agent.
The issuer is a Knoxville, Tenn.-based motion picture exhibitor.
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