National CineMedia to pay down revolver borrowings via new notes

By Tali Rackner

Norfolk, Va., Aug. 15 – National CineMedia, LLC plans to a repay portion of outstanding borrowings under its revolving credit facility with the proceeds from a new $250 million senior note offering, according to a press release.

Proceeds will also be used to finance the redemption of the company’s $200 million senior notes due 2021.

Any remaining net proceeds will be used for general corporate purposes.

National CineMedia is a Centennial, Colo.-based media company that provides advertising and events across theater circuits.

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