AMC Networks Inc. has announced the pricing of a private offering of $400 million in senior secured notes due 2032, carrying an interest rate of 10.50%. These notes will be guaranteed by AMC Networks' existing and future domestic subsidiaries, with certain exceptions, on a senior secured basis. The company plans to use the net proceeds from this offering, along with available cash, to fund its tender offer for up to $450 million of its outstanding 4.25% Senior Notes due 2029, cover related expenses, and address other corporate debt.
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