Cinemark buys back $10 million 9¾% discount notes in open market

By Susanna Moon

Chicago, May 9 - Cinemark Holdings, Inc. said it repurchased $10 million principal amount of its 9¾% senior discount notes in the open market on March 20, according to a 10-Q filing with the Securities and Exchange Commission.

The company paid about $9 million for the notes including accreted interest of $2.9 million.

The purchase was funded with proceeds from the company's initial public offering, the release said.

Cinemark is a motion picture exhibitor based in Plano, Texas.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.