Cinemark Holdings (CNK) has provided an announcement.
Cinemark USA, a subsidiary of Cinemark Holdings, has announced that it will fully redeem its outstanding 8.750% Senior Secured Notes due 2025, totaling $150 million, on May 1, 2024. The redemption will be at 100% of the principal amount plus any accrued interest. After this date, interest will stop accruing on these notes, and they will no longer be outstanding. This move is part of their financial strategy, and while it includes forward-looking statements, investors are cautioned to consider the various risks and uncertainties that could affect the company’s future results and the motion picture exhibition industry.
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