Carmike Cinemas Inc fka CKEC

[Enterprising Investor]

Carmike Cinemas Announces Completion of Refinancing (6/17/15)

COLUMBUS, Ga.--(BUSINESS WIRE)--Carmike Cinemas, Inc. (NASDAQ:CKEC) announced today the completion of its previously announced refinancing transactions, including its unregistered offering of $230 million aggregate principal amount of 6.00% Senior Secured Notes due 2023, pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended. Carmike also entered into a new $50 million senior secured revolving credit facility, which was undrawn at closing. The net proceeds from the offering of the Senior Secured Notes were used to redeem Carmike’s 7.375% Senior Secured Notes due 2019 and to pay fees and expenses associated with the refinancing. In connection with the refinancing, Carmike also terminated its existing $25 million revolving credit facility. The Senior Secured Notes have not been registered under the Securities Act of 1933, as amended, or the securities laws of any other jurisdiction.

This news release shall not constitute an offer to sell or a solicitation of an offer to purchase the Senior Secured Notes and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which, or to any person to whom, such an offer, solicitation or sale would be unlawful.

About Carmike Cinemas

Carmike Cinemas, Inc. is a U.S. leader in digital cinema, 3-D cinema deployments and one of the nation's largest motion picture exhibitors. Carmike has 273 theatres with 2,906 screens in 41 states. The circuit includes 47 premium large format (PLF)
auditoriums featuring state-of-the-art technology and luxurious seating, including 29 "BigDs," 16 IMAX auditoriums and two MuviXL screens. As "America's Hometown Theatre Chain" Carmike's primary focus is mid-sized communities. Visit http://www.carmike.com/ for exact show-times and to purchase tickets.

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