AMC Networks Announces Expiration of Consent Solicitation to Amend its 10.50% Senior Secured Notes due 2032

Core Viewpoint - AMC Networks Inc. has successfully completed a consent solicitation for its 10.50% Senior Secured Notes due 2032, allowing for amendments to the indenture governing the Notes, including provisions for equity buybacks and changes to trademark licensing [1][2][3]. Group 1: Consent Solicitation Results - The consent solicitation expired on March 6, 2026, with approximately 99.8% of the holders of the outstanding Notes delivering valid consents [2]. - The company had previously received more than a majority of the required consents on February 23, 2026, leading to the execution of a supplemental indenture to implement the amendments [3]. Group 2: Financial Implications - AMC Networks plans to pay a total of $2,000,000 in cash consideration to the holders of Notes who validly delivered consents, equating to approximately $5.01 per $1,000 principal amount of the Notes, expected to be paid around March 10, 2026 [4]. Group 3: Company Overview - AMC Networks is a prominent media company that creates and curates a variety of television series and films, operating multiple streaming services and cable networks, and is known for its original franchises such as The Walking Dead Universe [7].