Exhibit 99.1
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For Immediate Release | | News Announcement |
Cinemark USA, Inc. Announces the Consummation of the Cash Tender Offer for Any and All of Cinemark USA, Inc.’s 5.875% Senior Notes due 2026
PLANO, Texas – July 18, 2024— Cinemark Holdings, Inc. (NYSE:CNK) (“Cinemark” or the “Company”) announced today that the previously announced cash tender offer by its wholly-owned subsidiary, Cinemark USA, Inc. (“Cinemark USA”), to purchase any and all of Cinemark USA’s 5.875% senior notes due 2026 (the “notes”) expired at 5:00 p.m., New York City time, on July 15, 2024 (the “Expiration Date”). Following the Expiration Date and the notice of guaranteed delivery date, $345,285,000 aggregate principal amount of the notes (85.26%) were validly tendered. Cinemark USA accepted for payment all notes validly tendered and not validly withdrawn in the tender offer and made payment for the notes on July 18, 2024.
Wells Fargo Securities, LLC acted as dealer manager. Persons with questions regarding the tender offer should contact Wells Fargo Securities, LLC at (704) 410-4235 (collect) or (866) 309-6316 (toll-free), or the information agent and tender agent, D.F. King & Co., Inc., at (800) 347-4826 (toll-free) or for banks and brokers, at (212) 269-5550 (Banks and Brokers only), by e-mail at cinemark@dfking.com or at the following web address: www.dfking.com/cinemark.
This press release is not an offer to purchase or a solicitation of an offer to sell any securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful, and does not constitute a redemption notice for any securities.
About Cinemark:
Headquartered in Plano, TX, Cinemark (NYSE: CNK) is one of the largest and most influential movie theatre companies in the world. Cinemark’s circuit, comprised of various brands that also include Century, Tinseltown and Rave, as of March 31, 2024 operated 502 theatres with 5,708 screens in 42 states domestically and 13 countries throughout South and Central America. Cinemark consistently provides an extraordinary guest experience from the initial ticket purchase to the closing credits, including Movie Club, the first U.S. exhibitor-launched subscription program; the highest Luxury Lounger recliner seat penetration among the major players; XD - the No. 1 exhibitor-brand premium large format; and expansive food and beverage options to further enhance the moviegoing experience.
Investor Relations Contact:
Chanda Brashears
(972) 665-1671
cbrashears@cinemark.com
Media Contact:
Julia McCartha
(972) 665-1322
pr@cinemark.com