Ms. Sarah Van Lange reports
CINEPLEX ANNOUNCES CLOSING OF PRIVATE PLACEMENT NOTES OFFERING
Cineplex Inc. has closed its previously announced private placement offering of $250-million aggregate principal amount of 7.5 per cent senior secured second-lien notes due Feb. 26, 2026.
The note offering was underwritten by BMO Capital Markets and Scotiabank, as joint book-running managers, and RBC Capital Markets, as co-lead manager, in a syndicate that included CIBC Capital Markets, National Bank Financial Markets and TD Securities.
As previously announced, the company will use the net proceeds of the note offering to repay indebtedness under its credit facilities, of which $50-million will constitute a permanent repayment under the company's term facility and an additional $50-million will constitute a permanent repayment under the company's revolving credit facility. The remaining $144-million balance of the net proceeds of the note offering will be used to pay down the revolving facility; however, it may be redrawn to finance the continuing liquidity needs of the company.
About Cineplex Inc.
Cineplex is a top-tier Canadian brand that operates in the film entertainment and content, amusement and leisure, and media sectors. A leading entertainment and media company, Cineplex welcomes millions of guests annually through its circuit of theatres and location-based entertainment venues across the country. In addition to being Canada's largest and most innovative film exhibitor, Cineplex also operates successful businesses in digital commerce (the Cineplex Store website), food service, alternative programming (Cineplex Events), cinema media (Cineplex Media), digital place-based media (Cineplex Digital Media) and amusement solutions (Player One Amusement Group). Additionally, Cineplex operates Canada's favourite destination for eats and entertainment (The Rec Room) and entertainment complexes specially designed for teens and families (Playdium). Cineplex is a joint venture partner in Scene, Canada's largest entertainment loyalty program.
Proudly recognized as having one of the country's most admired corporate cultures, Cineplex employs approximately 13,000 people in its offices across Canada and the United States.
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