LIONSGATE ANNOUNCES EXCHANGE AGREEMENT FOR APPROXIMATELY $383 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF 5.500% SENIOR NOTES DUE 2029
LIONSGATE ANNOUNCES EXCHANGE AGREEMENT FOR APPROXIMATELY $383 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF 5.500% SENIOR NOTES DUE 2029
Agreement Enhances Balance Sheets of Lionsgate's Studio and STARZ Businesses in Anticipation of Full Separation
该协议改善了狮门影业工作室和STARZ业务的资产负债表,预计将完全分离
SANTA MONICA, Calif. and VANCOUVER, BC, May 2, 2024 /PRNewswire/ -- Lions Gate Entertainment Corp. (Lionsgate) announced today that it has entered into an Exchange Agreement with Lions Gate Capital Holdings 1, Inc. and Lions Gate Capital Holdings LLC, wholly-owned subsidiaries of Lionsgate, and certain holders of its previously issued 5.500% Senior Notes due 2029. Under the terms of the agreement, approximately $383 million in aggregate principal amount of the Existing Notes will be exchanged for New Notes to be issued by Lions Gate Capital Holdings 1, Inc.
加利福尼亚州圣莫尼卡和不列颠哥伦比亚省温哥华,2024年5月2日 /PRNewswire/ — 狮门娱乐公司(Lionsgate)今天宣布,它已与狮门影业的全资子公司狮门资本控股1公司和狮门资本控股有限责任公司以及先前发行的2029年到期的5.500%优先票据的某些持有人签订了交易协议。根据协议条款,现有票据本金总额约3.83亿美元将兑换成Lions Gate Capital Holdings 1, Inc.发行的新票据。
The New Notes will facilitate the anticipated full separation of the Company's Studio Business and STARZ Business. Prior to the anticipated separation, the New Notes will bear interest at a rate of 5.500% per year and mature in 2029. Upon separation, the New Notes will be part of the Studio Business capital structure, bear interest at a rate of 6.000% per year and have their maturity extended to 2030. The completion of transactions under the Exchange Agreement is subject to the satisfaction of certain customary closing conditions.
新票据将促进公司工作室业务和STARZ业务的预期完全分离。在预期的分离之前,新票据的年利率为5.500%,并于2029年到期。分离后,新票据将成为Studio Business资本结构的一部分,年利率为6.000%,到期日延长至2030年。根据交易所协议完成交易须满足某些惯例成交条件。
Lionsgate noted that the Exchange Agreement enhances the balance sheets of its Studio and STARZ Businesses in anticipation of a full separation.
狮门影业指出,交易协议增强了其工作室和STARZ业务的资产负债表,因为预计将全面分离。
Wachtell, Lipton, Rosen & Katz served as legal advisor to Lionsgate. Perella Weinberg Partners LP served as financial advisor and White & Case LLP served as legal advisor to the noteholders party to the Exchange Agreement.
Wachtell、Lipton、Rosen & Katz曾担任狮门影业的法律顾问。Perella Weinberg Partners LP担任交易协议票据持有人方的财务顾问,White & Case LLP担任票据持有人一方的法律顾问。
No Offer or Solicitation
This press release is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. In particular, this communication is not an offer of securities for sale into the United States or any other jurisdiction. No offer of securities shall be made in the United States absent registration under the Securities Act of 1933, as amended, or pursuant to an exemption from, or in a transaction not subject to, such registration requirements.
不得提出要约或邀请
本新闻稿无意也不构成出售要约或征求认购或购买要约或购买或邀请购买或认购任何证券,也不得在任何司法管辖区进行任何违反适用法律的证券销售、发行或转让。特别是,该通信不是向美国或任何其他司法管辖区出售证券的要约。如果没有根据经修订的1933年《证券法》进行登记,或者根据豁免或在不受此类注册要求约束的交易中进行登记,则不得在美国提出任何证券要约。
Forward-Looking Statements
This press release contains certain statements that may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act, and Section 21E of the Exchange Act. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "seek," "should," "target," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the Company's ability to effectuate the transactions contemplated by the Exchange Agreement (the "Transactions") or the separation of the Studio Business and the STARZ Business of the Company; the benefits of the Transactions; changes in the Company's strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management. These forward-looking statements are based on information available as of the date of this release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing the Company's views as of any subsequent date, and the Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. The Company cannot give any assurance that the Company will achieve its expectations. You should not place undue reliance on these forward-looking statements. As a result of a number of known and unknown risks and uncertainties, the Company's actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: (i) the timing to complete the Transactions or the separation of the Studio Business and the STARZ Business of the Company; (ii) the occurrence of any event, change or other circumstances that could give rise to the termination of the Exchange Agreement; (iii) the outcome of any legal, regulatory or governmental proceedings that may be instituted against the Company or any investigation or inquiry following announcement of the transaction, including in connection with the Transactions; (iv) the risk that the Transactions disrupt current plans and operations of the Company; (v) the ability to recognize the anticipated benefits of the Transactions; (vi) unexpected costs related to the Transactions; (vii) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (viii) operational risks; (ix) litigation and regulatory enforcement risks, including the diversion of management time and attention and the additional costs and demands on the Company's resources; (x) the risk that the consummation of the Transactions is substantially delayed or does not occur; and (xviii) other risks and uncertainties indicated from time to time in the annual report on Form 10-K (the "Form 10-K") filed with the Securities and Exchange Commission on May 25, 2023, the quarterly report on Form 10-Q filed with the Securities and Exchange Commission on February 8, 2024, including those under "Risk Factors" in the Form 10-K, and in the other periodic reports and other filings of the Company with the Securities and Exchange Commission.
前瞻性陈述
本新闻稿包含某些可能构成《证券法》第27A条和《交易法》第21E条所指的 “前瞻性陈述” 的陈述。前瞻性陈述包括但不限于涉及未来事件或情况的预测、预测或其他描述的陈述,包括任何基本假设。“预期”、“相信”、“继续”、“可能”、“估计”、“预期”、“打算”、“可能”、“计划”、“可能”、“潜在”、“预测”、“项目”、“寻找”、“应该”、“目标”、“将” 等词语以及类似的表述可以识别前瞻性陈述,但这些词语的缺失并不意味着陈述不是向前看。例如,前瞻性陈述可能包括有关公司执行交易协议所设想的交易(“交易”)或公司工作室业务和STARZ业务分离的能力的陈述;交易的好处;公司战略、未来运营、财务状况、估计收入和亏损、预计成本、前景、计划和管理目标的变化。这些前瞻性陈述基于截至本新闻稿发布之日可用的信息以及当前的预期、预测和假设,涉及许多判断、风险和不确定性。因此,除非适用的证券法另有要求,否则不应依赖前瞻性陈述来代表公司的观点,并且公司没有义务更新前瞻性陈述以反映其发表之日后的事件或情况,无论是由于新信息、未来事件还是其他原因造成的事件或情况。公司无法保证公司将实现其预期。您不应过分依赖这些前瞻性陈述。由于许多已知和未知的风险和不确定性,公司的实际业绩或业绩可能与这些前瞻性陈述所表达或暗示的业绩或业绩存在重大差异。可能导致实际结果不同的一些因素包括:(i)完成交易的时机或公司工作室业务和STARZ业务的分离;(ii)可能导致交易协议终止的任何事件、变更或其他情况的发生;(iii)可能对公司提起的任何法律、监管或政府诉讼的结果,或交易宣布后的任何调查或查询,包括相关调查或询问交易中;(iv) 风险交易扰乱了公司当前的计划和运营;(v)识别交易预期收益的能力;(vi)与交易相关的意外成本;(vii)公司可能受到其他经济、业务和/或竞争因素的不利影响;(viii)运营风险;(ix)诉讼和监管执法风险,包括管理时间和注意力的转移以及对公司资源的额外成本和要求;(x) 完成的风险交易严重延迟或没有发生;以及 (xviii) 2023年5月25日向美国证券交易委员会提交的10-K表年度报告(“10-K表格”)、2024年2月8日向美国证券交易委员会提交的10-Q表季度报告(包括10-K表中 “风险因素” 下的风险因素)以及其他定期报告和其他文件中不时指出的其他风险和不确定性本公司在证券交易委员会任职。
About Lionsgate
Lionsgate (NYSE: LGF.A, LGF.B) encompasses world-class motion picture and television studio operations aligned with the STARZ premium global subscription platform to bring a unique and varied portfolio of entertainment to consumers around the world. The Company's film, television, subscription and location-based entertainment businesses are backed by a 20,000+ title library and a valuable collection of iconic film and television franchises. A digital age company driven by its entrepreneurial culture and commitment to innovation, the Lionsgate brand is synonymous with bold, original, relatable entertainment for audiences worldwide.
关于狮门影业
狮门影业(纽约证券交易所代码:LGF.A,LGF.B)涵盖世界一流的电影和电视制片厂业务,与STARZ高级全球订阅平台保持一致,为全球消费者带来独特而多样的娱乐产品组合。该公司的电影、电视、订阅和定位娱乐业务由20,000多个标题库和大量的标志性电影和电视特许经营权提供支持。Lionsgate品牌是一家受其创业文化和创新承诺驱动的数字时代公司,是面向全球观众的大胆、原创、相关娱乐的代名词。
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来源 Lionsgate