AMC Networks Inc. Reports Third Quarter 2024 Results NEW YORK, Nov. 08, 2024 (GLOBE NEWSWIRE) -- AMC Networks Inc. ("AMC Networks" or the "Company") (NASDAQ: AMCX) today reported financial results for the third quarter ended September 30, 2024. Chief Executive Officer Kristin Dolan said: "As we manage this business within a complex and changing environment, we remain focused on our key strategic pillars - programming, partnerships and profitability. During the quarter, we made significant advancements across all three areas. We have generated $293 million of free cash flow year to da...
AMC Networks to Report Third Quarter 2024 Results NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) -- AMC Networks Inc. (NASDAQ: AMCX) will host a conference call to discuss results for the third quarter 2024 on Friday, November 8, 2024 at 10:00 a.m. Eastern Time. AMC Networks will issue a press release reporting its results before the market opening. The conference call will be webcast live via the company’s website at . To access the conference call via telephone, please pre-register for the call to obtain the dial-in number and a passcode. Pre-registration instructions can be found at under...
Moody's Ratings (Moody's) downgraded AMC Networks Inc.'s (AMC Networks) corporate family rating (CFR) to B2 from B1, its probability of default rating (PDR) to B2-PD from B1-PD and the rating on the senior unsecured notes to Caa1 from B3. We also affirmed the Ba3 rating on AMC Networks' senior secur...
AMC Networks Inc. Reports Second Quarter 2024 Results NEW YORK, Aug. 09, 2024 (GLOBE NEWSWIRE) -- AMC Networks Inc. ("AMC Networks" or the "Company") (NASDAQ: AMCX) today reported financial results for the second quarter ended June 30, 2024. Chief Executive Officer Kristin Dolan said: "AMC Networks continues to find opportunities in a strategic plan built around programming, partnerships and profitability. Key to our plan is the creation and curation of celebrated films and series, and making them available to audiences everywhere, including through an exciting new branded content li...
AMC Networks General Counsel Jamie Gallagher to Retire at Year End NEW YORK, July 30, 2024 (GLOBE NEWSWIRE) -- AMC Networks, Inc. [NASDAQ: AMCX] announced today that Jamie Gallagher, the company’s long-time General Counsel and EVP, will retire at the end of the year. Following more than 16 years of service, Gallagher will step down from his role, concluding a distinguished career marked by invaluable contributions to the company. Throughout his tenure, Gallagher has been a cornerstone of the AMC Networks leadership team, guiding the company through significant chapters in its evolution, ...
AMC Networks to Report Second Quarter 2024 Results NEW YORK, July 18, 2024 (GLOBE NEWSWIRE) -- AMC Networks Inc. (NASDAQ: AMCX) will host a conference call to discuss results for the second quarter 2024 on Friday, August 9, 2024 at 8:30 a.m. Eastern Time. AMC Networks will issue a press release reporting its results before the market opening. The conference call will be webcast live via the company’s website at . To access the conference call via telephone, please pre-register for the call to obtain the dial-in number and a passcode. Pre-registration instructions can be found at under...
AMC Networks Inc. Announces Pricing of $125 Million Offering of Convertible Senior Notes NEW YORK, June 17, 2024 (GLOBE NEWSWIRE) -- AMC Networks Inc. (Nasdaq: AMCX) (the “Company” or “AMC Networks”) today announced the pricing of $125 million aggregate principal amount of 4.25% convertible senior notes due 2029 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the offering of the notes, the Company has granted the initial purchasers an opti...
AMC Networks Inc. Announces Private Offering of $125 Million of Convertible Senior Notes NEW YORK, June 17, 2024 (GLOBE NEWSWIRE) -- AMC Networks Inc. (Nasdaq: AMCX) (the “Company” or “AMC Networks”) today announced that it intends to offer, subject to market conditions and other factors, $125 million aggregate principal amount of convertible senior notes due 2029 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the offering of the notes, A...
Credit markets are grossly overstating AMCX's credit risk with a YTW of 12.803% relative to an Intrinsic YTW of 10.157% and an Intrinsic CDS of 566bps. Furthermore, Moody's is materially overstating AMCX's fundamental credit risk with its B1 credit rating three notches below Valens' XO (Ba1) credit rating. Incentives Dictate Behavior™ analysis highlights mostly positive signals for credit holders. Management's compensation metrics should drive management to focus on all three value drivers: mar...
AMC Networks Inc. Reports First Quarter 2024 Results NEW YORK, May 10, 2024 (GLOBE NEWSWIRE) -- AMC Networks Inc. ("AMC Networks" or the "Company") (NASDAQ: AMCX) today reported financial results for the first quarter ended March 31, 2024. Chief Executive Officer Kristin Dolan said: "In the first quarter, we continued to execute on our strategic priorities, including the ongoing delivery of healthy free cash flow. As new technologies transform the way media is consumed, we continue to produce great content and make it available to viewers whenever and wherever they want to ...
AMC Networks to Report First Quarter 2024 Results NEW YORK, April 24, 2024 (GLOBE NEWSWIRE) -- AMC Networks Inc. (NASDAQ: AMCX) will host a conference call to discuss results for the first quarter 2024 on Friday, May 10, 2024 at 8:30 a.m. Eastern Time. AMC Networks will issue a press release reporting its results before the market opening. The conference call will be webcast live via the company’s website at . To access the conference call via telephone, please pre-register for the call to obtain the dial-in number and a passcode. Pre-registration instructions can be found at under...
AMC Networks Announces Early Results of Tender Offer for Any and All 4.75% Senior Notes due 2025 NEW YORK, April 05, 2024 (GLOBE NEWSWIRE) -- AMC Networks Inc. (Nasdaq: AMCX) (the “Company”) announced the early results, as of 5:00 p.m. New York City time, on April 5, 2024 (the “Early Tender Date”) of its previously announced cash tender offer (the “Offer”) to purchase any and all of its outstanding 4.75% Senior Notes due 2025 (the “Notes”). The terms and conditions of the Offer are described in an Offer to Purchase, dated March 25, 2024 (the “Offer to Purchase”), which was previously dis...
AMC Networks Inc. Announces Pricing of Upsized Private Offering of $875 Million of 10.25% Senior Secured Notes due 2029 NEW YORK, March 26, 2024 (GLOBE NEWSWIRE) -- AMC Networks Inc. (“AMC Networks” or the “Company”) (Nasdaq: AMCX) today announced that it has priced an offering of $875 million aggregate principal amount of 10.25% senior secured notes due 2029 (the “Notes”) in a private offering, which represents an increase of $175 million in aggregate principal amount of the Notes from the amount announced at the launch of the offering. The Notes will be unconditionally guaranteed, on a...
Moody's Ratings (Moody's) assigned a Ba3 rating to AMC Networks Inc.'s (AMC or AMC Networks) proposed senior secured bank credit facilities ($175 million revolver and $325 million term loan A) due 2028, and to the proposed $700 million senior secured notes due 2029. Concurrently, Moody's affirmed AM...
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