Cinemark Subsidiary Launches Senior Notes Cash Tender Offer; Shares Drop-February 2024-www.financetom.com

Cinemark Subsidiary Launches Senior Notes Cash Tender Offer; Shares Drop

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Cinemark Subsidiary Launches Senior Notes Cash Tender Offer; Shares Drop

Jul 15, 2024 10:15 AM

12:50 PM EDT, 07/15/2024 (MT Newswires) -- Cinemark Holdings ( CNK ) said Monday its Cinemark USA unit has launched a cash tender offer to buy all of Cinemark USA's 5.875% senior notes due 2026.

The offering will expire at 5 p.m. ET on Monday. Cinemark USA had $405 million worth of outstanding notes as of July 9.

Shares of Cinemark Holdings ( CNK ) were down 3.2% in recent trading.

Price: 20.91, Change: -0.70, Percent Change: -3.22

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