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AMC Networks Announces Consent Solicitation to Amend its Senior Secured Notes due 2032
Globenewswire· 2026-02-12 12:30
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].
AMC Networks Q4 Earnings Call Highlights
Yahoo Finance· 2026-02-11 23:02
Acorn TV , which she described as having an “active and successful” 2025 and cited upcoming programming including You’re Killing Me starring and executive produced by Brooke Shields, plus additional installments of “An Autumn to Die For” and “Murder Mystery May.”HIDIVE , which Dolan said has achieved strong growth since AMC Networks acquired it four years ago, driven by anime’s rising popularity and the service’s curation.Sundance Now , which the company “relaunched” at the Sundance Film Festival as a home ...
AMC Networks(AMCX) - 2025 Q4 - Earnings Call Transcript
2026-02-11 22:32
AMC Networks (NasdaqGS:AMCX) Q4 2025 Earnings call February 11, 2026 04:30 PM ET Company ParticipantsKim Kelleher - Chief Commercial OfficerKristin Dolan - CEONick Seibert - Senior Vice President, Corporate Development and Investor RelationsPatrick O'Connell - CFOThomas Yeh - Executive Director in Equity ResearchConference Call ParticipantsDavid Joyce - Senior AnalystSteven Cahall - Senior AnalystOperatorGood day and thank you for standing by. Welcome to the AMC Networks fourth quarter 2025 earnings call. A ...
AMC Networks(AMCX) - 2025 Q4 - Earnings Call Transcript
2026-02-11 22:32
AMC Networks (NasdaqGS:AMCX) Q4 2025 Earnings call February 11, 2026 04:30 PM ET Company ParticipantsKim Kelleher - Chief Commercial OfficerKristin Dolan - CEONick Seibert - Senior Vice President, Corporate Development and Investor RelationsPatrick O'Connell - CFOThomas Yeh - Executive Director in Equity ResearchConference Call ParticipantsDavid Joyce - Senior AnalystSteven Cahall - Senior AnalystOperatorGood day and thank you for standing by. Welcome to the AMC Networks fourth quarter 2025 earnings call. A ...
AMC Networks(AMCX) - 2025 Q4 - Earnings Call Transcript
2026-02-11 22:30
AMC Networks (NasdaqGS:AMCX) Q4 2025 Earnings call February 11, 2026 04:30 PM ET Speaker4Good day and thank you for standing by. Welcome to the AMC Networks fourth quarter 2025 earnings call. At this time, all participants are in a listen-only mode. After the speaker's presentation, we'll open up for questions. To ask a question during the session, you need to press star 11 on your telephone. You'll then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 ...
AMC Networks Chief Financial Officer Patrick O'Connell to Depart
Globenewswire· 2026-01-22 21:15
Core Insights - AMC Networks Inc. announced the departure of Chief Financial Officer Patrick O'Connell, who will leave to pursue an opportunity outside the media industry, remaining with the company until March to participate in the 2025 Fourth Quarter and Year-End earnings call [1] - CEO Kristin Dolan expressed gratitude for O'Connell's leadership and contributions, highlighting his role in supporting the company's strategic priorities and wishing him success in his future endeavors [2] - O'Connell acknowledged the support from the Dolan family and the leadership team, expressing pride in the accomplishments during his tenure and confidence in the future of AMC Networks [2] Company Overview - AMC Networks (Nasdaq: AMCX) is a prominent media company known for creating and curating celebrated series and films, catering to passionate fan communities globally [3] - The company's portfolio includes various streaming services such as AMC+, Acorn TV, Shudder, Sundance Now, ALLBLK, HIDIVE, and ALL REALITY, as well as cable networks like AMC, BBC AMERICA, IFC, SundanceTV, and We TV [3] - AMC Networks operates AMC Studios, which is responsible for producing acclaimed original franchises, including The Walking Dead Universe and the Anne Rice Immortal Universe, along with its international programming business [3]
AMC Networks Launching All Reality Subscription Streaming Outlet Via Prime Video Channels
Deadline· 2025-11-18 20:10
Core Insights - AMC Networks is launching a new streaming service called All Reality, dedicated entirely to reality programming, priced at $4.99 [1] - The company has over 11 million subscribers across its various streaming platforms, and streaming revenue is expected to surpass that of its traditional cable networks [2] - AMC Networks has a strong portfolio of reality franchises, utilizing its first-party IP to provide 2,500 hours of programming for All Reality [3] Industry Context - The launch of All Reality addresses a gap in the market for subscription-based reality content, which has proven to be a durable genre in television ratings [4] - Reality programming has gained traction in the streaming space, particularly as viewers shift away from traditional cable [4] - AMC Networks' FAST channel strategy will complement All Reality, with reality content generating over 10 billion minutes of viewership on FAST platforms in the past year [5]
AMC Networks to Report Third Quarter 2025 Results
Globenewswire· 2025-10-16 13:00
Core Points - AMC Networks Inc. will host a conference call to discuss its third quarter 2025 results on November 7, 2025, at 8:30 a.m. Eastern Time [1] - A press release with the results will be issued before the market opens on the same day [1] - The conference call will be available via live webcast on the company's investor relations website [1] Company Overview - AMC Networks is a prominent media company known for its celebrated series and films, catering to passionate fan communities globally [3] - The company's portfolio includes various streaming services such as AMC+, Acorn TV, Shudder, Sundance Now, ALLBLK, and HIDIVE, as well as cable networks like AMC, BBC AMERICA, IFC, SundanceTV, and We TV [3] - AMC Networks also operates AMC Studios, which is responsible for original franchises like The Walking Dead Universe and the Anne Rice Immortal Universe, along with its international programming business [3]
AMC Networks to Report Second Quarter 2025 Results
Globenewswire· 2025-07-17 13:00
Core Points - AMC Networks Inc. will host a conference call to discuss its second quarter 2025 results on August 8, 2025, at 8:30 a.m. Eastern Time [1] - A press release with the results will be issued before the market opens on the same day [1] - The conference call will be available via live webcast on the company's investor relations website [1] Company Overview - AMC Networks is a prominent player in the television and film industry, known for creating and curating celebrated series and films [3] - The company operates various streaming services, including AMC+, Acorn TV, Shudder, Sundance Now, ALLBLK, and HIDIVE, as well as cable networks like AMC, BBC AMERICA, IFC, SundanceTV, and We TV [3] - AMC Networks also has an in-house studio, AMC Studios, which produces original franchises such as The Walking Dead Universe and the Anne Rice Immortal Universe [3]
AMC Networks Announces Early Results and Upsizing of Tender Offer for its 4.25% Senior Notes due 2029
Globenewswire· 2025-07-02 11:00
Core Viewpoint - AMC Networks Inc. has announced the early results of its cash tender offer to purchase outstanding 4.25% Senior Notes due 2029, increasing the maximum aggregate principal amount from $450 million to $600 million [1][5][10] Group 1: Offer Details - The Offer to Purchase was dated June 17, 2025, and the Company reserves the right to amend, extend, or terminate the Offer [2] - As of the Early Tender Date, the aggregate principal amount of Notes validly tendered was $614,437,000, with a proration factor of 97.7% [3][5] - The Total Consideration for the Notes is $815 per $1,000 principal amount, which includes an Early Tender Premium of $50 [6] Group 2: Tender Process - The Withdrawal Deadline for the tendered Notes expired on July 1, 2025, at 5:00 p.m. New York City time, meaning tendered Notes cannot be withdrawn [7] - The Offer is scheduled to expire on July 17, 2025, but the Company does not expect to accept any Notes tendered after the Early Tender Date due to the exceeded Maximum Tender Amount [8] Group 3: Financial Context - The Offer is conditioned upon the Company raising net proceeds of $400 million from a concurrent offering of senior secured notes due 2032 [10] - AMC Networks operates various streaming services and cable networks, indicating a diversified portfolio that supports its financial activities [13]