Benzinga | Jan 26, 2021 06:01AM EST

AMC Networks Prices $1 Billion Secured Notes In Upsized Debt Offering

* AMC Networks Inc. (NASDAQ:AMCX) announced that it has priced 4.25% senior secured notes due 2029 worth $1 billion in an upsized public offering.

* The offering was upsized from $500 million proposed earlier that day.

* AMCX intends to use $1 billion proceeds to redeem 4.75% senior notes due December 2022 worth $400 million at 100% redemption price, and 5.00% senior notes due April 2024 worth $600 million at 102.50% redemption price.