AMC Networks Inc. announced the early results, as of 5:00 p.m.New York City time, on March 3, 2023 (the Early Tender Date or Withdrawal Date, as applicable) of its previously announced cash tender offers (together, the Offers and each, individually, an Offer) to purchase up to $800,000,000 aggregate principal amount (as such amount may be increased by the Company, the Aggregate Maximum Tender Amount) of its outstanding 5.00% SeniorNotes due 2024 (the 2024 Notes) and 4.75% SeniorNotes due 2025 (the 2025 Notes and, together with the 2024 Notes, the Notes). The terms and conditions of the Offers are described in an Offer to Purchase, dated February 17, 2023 (the Offer to Purchase), which was previously distributed to holders of the Notes. As in the Offer to Purchase, the Company reserves the right to (i) waive any and all conditions to each Offer as permitted by law, (ii) extend or terminate each Offer or (iii) otherwise amend each Offer.
The Company reserves the right, but is under no obligation, to increase the Aggregate Maximum Tender Amount and/or the Tender Cap at any time, in each case without extending the Early Tender Date, the Withdrawal Date or the Expiration Date (as defined below) for the Offers or otherwise reinstating withdrawal or revocation rights of Holders (as defined below), subject to applicable law, which could result in the Company purchasing a greater aggregate principal amount of Notes in the Offers. There can be no assurance that the Company will exercise its right to increase the Aggregate Maximum Tender Amount or the Tender Cap. If the Company does increase the Aggregate Maximum Tender Amount and/or the Tender Cap, it does not expect to extend the Withdrawal Date, subject to applicable law.