The Firm recently represented the initial purchasers in connection with Cinemark USA, Inc.’s private placement of $400 million aggregate principal amount of 5.125% Senior Notes due 2022 and Barclays Bank PLC and the other lenders in connection with the amendment and restatement of the Cinemark USA, Inc. Senior Credit Facility. Barclays Capital Inc., Morgan Stanley & Co. LLC, Deutsche Bank Securities Inc. and Wells Fargo Securities LLC acted as joint book-running managers, and Nomura Securities International, Inc. acted as co-manager, in connection with the senior notes offering. Barclays acts as joint bookrunner, Deutsche Bank Securities Inc., acts as joint bookrunner and co-documentation agent, Morgan Stanley Senior Funding, Inc. acts as joint bookrunner and syndication agent, Wells Fargo Securities, LLC acts as joint bookrunner and co-documentation agent, Webster Bank, N.A. acts as co-documentation agent and Barclays Bank PLC continues to act as administrative agent in connection with the amended and restated credit facility. Cinemark USA, Inc. intends to use the net proceeds from the senior notes offering and borrowings under the amended and restated credit facility to fund the repayment of all remaining outstanding amounts under its previous credit facility, to fund a portion of the purchase price for substantially all of the theaters of Rave cinemas and for fees and expenses related to the refinancing transactions.
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Simpson Thacher & Bartlett LLP |
New York
