Lionsgate receives tenders for 98.52% of 5 7/8% notes in exchange

New York, March 26 – Lionsgate received early tenders for $512.3 million, or 98.52%, of its $520 million of outstanding 5 7/8% senior notes due 2024 issued by Lions Gate Entertainment Corp. in its exchange offer for the debt, according to a news release.

Early settlement is planned for March 28.

The exchange will remain open until 11:59 p.m. ET on April 6.

As announced on March 12, Lions Gate Entertainment’s wholly owned subsidiary, Lions Gate Capital Holdings LLC, is offering to issue new 5 7/8% senior notes due 2024.

The total exchange value will be $1,000 plus $2.50 cash for each $1,000 principal amount of notes tendered by the early deadline of 5 p.m. ET on March 23.

The total amount includes an early tender premium of $30.00 plus $2.50 cash for each $1,000 principal amount.

No accrued interest will be paid in the exchange. Instead, the new 2024 notes issued in exchange will accrue interest from the most recent interest payment date.

The exchange is being offered to holders who are qualified institutional buyers under Rule 144A or not U.S. persons under Regulation S.

D.F. King & Co., Inc. (866 620-9554, 212 269-5550 or http://www.dfking.com/lionsgate) is the information and exchange agent.

Lionsgate is a Santa Monica, Calif.-based entertainment company.

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