Core Viewpoint - AMC Networks Inc. is soliciting consents from holders of its existing 10.50% Senior Secured Notes due 2032 to amend certain covenants in the indenture governing the Notes, allowing for specific financial maneuvers and investments [1][2]. Group 1: Proposed Amendments - The proposed amendments include allowing buybacks and other acquisitions of equity interests up to $50 million [1]. - The revision of the covenant regarding transfers or licenses of certain trademarks will only permit non-exclusive licenses to unrestricted subsidiaries [1]. - Investments in unrestricted subsidiaries will be restricted to certain specified clauses in the definition of "Permitted Investments" [1]. Group 2: Consent Solicitation Details - The consent solicitation will expire on February 23, 2026, at 5:00 p.m. New York City time [3]. - To approve the proposed amendments, the company needs the consents of at least a majority of the outstanding Notes, excluding those owned by the company or its affiliates [3][4]. - A cash payment, termed the "Consent Fee," totaling $2 million will be allocated pro rata among consenting holders of the Notes [5]. Group 3: Financial Implications - The aggregate principal amount of the outstanding Notes is $400 million, which means the Consent Fee could range from $5.00 to $10.00 per $1,000 principal amount depending on the number of valid consents received [5].