AMC Networks Announces Effectiveness of Amendments to its 10.50% Senior Secured Notes due 2032 and Extension of Consent Solicitation

Core Viewpoint - AMC Networks Inc. has received the necessary consents from holders of its 10.50% Senior Secured Notes due 2032 to amend certain covenants in the indenture governing the Notes, allowing for equity buybacks and other changes [1][4]. Group 1: Amendments to the Indenture - The amendments permit buybacks, purchases, redemptions, retirements, or other acquisitions of AMC Networks' equity interests up to an aggregate amount of $50 million [1]. - The revisions to the covenant regarding transfers or licenses of certain trademarks now only allow for non-exclusive licenses to be transferred to unrestricted subsidiaries [1]. - Investments in unrestricted subsidiaries under the definition of "Permitted Investments" are now restricted to specific clauses within that definition [1]. Group 2: Consent Solicitation Details - The consent solicitation is being extended, with the new expiration time set for March 6, 2026, at 5:00 p.m. New York City time [5]. - As of February 23, 2026, approximately 94% of the outstanding Notes holders had validly delivered their consents, allowing the company to enter into a first supplemental indenture to effectuate the amendments [4]. - Holders of the Notes who have already consented do not need to take further action in response to this announcement [6].