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Cinemark launches private offering of $405 million of five-year bonds

Cinemark Holdings Inc. (CNK) sid Thursday it has launched a private offering of $405 million of five-year bonds. Proceeds will be used along with cash in hand to fund a tender offer for any and all of Cinemark USA's 5.125% senior notes, to redeem bonds that remain outstanding after the tender offer and to pay related fees. Shares were up 0.7% premarket, but have fallen 0.3% in the last 12 months through Wednesday, while the S&P) 500 has gained 22%.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

 

(END) Dow Jones Newswires

03-04-21 0813ET

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