AMC Networks to Redeem All 10.25% Notes Due 2029 at 105.125%
AMC Networks will redeem all its outstanding 10.25% Senior Secured Notes due 2029 on April 6, 2026 at 105.125% of principal plus accrued interest. The company instructed U.S. Bank Trust Company to distribute redemption notices to all registered noteholders.
1. Redemption Details
AMC Networks has given notice to redeem all of its outstanding 10.25% Senior Secured Notes due 2029 (CUSIP Nos. 00164V AG8 and U02400 AB2) on April 6, 2026. The notes will be redeemed at 105.125% of the principal amount plus accrued and unpaid interest to, but excluding, the redemption date.
2. Financial Impact
The redemption at a premium will require a significant cash payment, reducing reported debt by the full principal amount and eliminating future 10.25% interest obligations. This transaction will impact second-quarter cash flow and adjust debt service requirements for the remainder of the year.
3. Debt Profile Strategy
Early redemption of the 2029 notes reflects AMC Networks’ strategy to optimize its debt maturity schedule and improve credit metrics. Removing higher-cost secured debt may enhance financial flexibility and support future content investment and distribution initiatives.