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Lions Gate reports early tender results of debt exchange offer

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Lions Gate reports early tender results of debt exchange offer

Lions Gate Entertainment Corp. on March 26 reported early tender results of its debt exchange offer for 5.875% senior notes due 2024.

The exchange offer is to exchange any and all of the $520 million of outstanding 5.875% Senior Notes due 2024 issued by Lions Gate Entertainment for up to $520 million of new 5.875% senior notes due 2024 issued by Lions Gate Capital Holdings LLC, an indirect, wholly owned subsidiary of the company, and for holders of Lions Gate 2024 notes who tendered before the early delivery date, cash.

As of 5 p.m. ET on March 23, about $512.3 million principal amounts of Lions Gate 2024 notes had been validly tendered and not validly withdrawn.

Only eligible holders who validly tendered and did not withdraw the 2024 notes at or before the early delivery date are eligible to receive the total offer consideration.

D.F. King & Co. Inc. is the information and exchange agent in connection with the exchange offer.