New Issue: Regal Entertainment prices $250 million 5¾% 12-year notes at par

By Paul A. Harris

Portland, Ore., Jan. 14 - Regal Entertainment Group priced a $250 million issue of 12-year senior notes (B3/B-/) at par to yield 5¾% on Monday, according to a syndicate source.

The yield printed on top of yield talk.

Credit Suisse Securities (USA) LLC, Barclays, Bank of America Merrill Lynch, Deutsche Bank Securities Inc. and Wells Fargo Securities LLC were the joint bookrunners.

The Knoxville, Tenn.-based motion picture exhibitor plans to use to the proceeds for general corporate purposes.

Issuer:	Regal Entertainment Group
Amount:	$250 million
Maturity:	Feb. 1, 2025
Securities:	Senior notes
Bookrunners:	Credit Suisse Securities (USA) LLC, Barclays, Bank of America Merrill Lynch, Deutsche Bank Securities Inc., Wells Fargo Securities LLC
Coupon:	5¾%
Price:	Par
Yield:	5¾%
Spread:	371 bps
First call:	Callable on Feb. 1, 2018, then callable at 102.875
Equity clawback:	35% at 107.75 until Feb. 1, 2015
Trade date:	Jan. 14
Settlement date:	Jan. 17
Ratings:	Moody's: B3
	Standard & Poor's: B-
Distribution:	SEC registered
Price talk:	5¾% area
Marketing:	Quick to market

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