AMC Networks Inc. announced that it has priced an offering of $875 million aggregate principal amount of 10.25% senior secured notes due 2029 (Notes) in a private offering, which represents an increase of $175 million in aggregate principal amount of the Notes from the amount announced at the launch of the offering. The Notes will be unconditionally guaranteed, on a joint and several basis, by each of AMC Networks? existing and future domestic subsidiaries, subject to certain exceptions, on a senior secured basis.

The company expects to use the net proceeds from the offering of the Notes to fund its tender offer (Tender Offer) to purchase for cash any and all of its outstanding approximately $775 million of 4.75% Senior Notes due 2025 (2025 Notes) and to redeem any 2025 Notes that remain outstanding after completion of the Tender Offer. The company will use the remaining proceeds from the offering of the Notes for general corporate purposes, which may include the repayment of indebtedness. The company is offering the Notes (and the related guarantees) pursuant to an exemption under the Securities Act of 1933, as amended (the ?Securities Act?).

The initial purchasers of the Notes will offer the Notes only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act or outside the United States to certain persons in reliance on Regulation S under the Securities Act. The Notes have not been and will not be registered under the Securities Act or under any state securities laws. Therefore, the Notes may not be offered or sold within the United States to, or for the account or benefit of, any United States person unless the offer or sale would qualify for a registration exemption from the Securities Act and applicable state securities laws.