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Replies to post #18 on Carmike Cinemas Inc fka CKEC
Enterprising Investor
07/28/15 7:27 PM
#19 RE: Enterprising Investor #18
Carmike recorded non-recurring loss on extinguishment of debt charges of $17.6 million in the second quarter of 2015 for the write-off of unamortized debt issuance costs, including a prepayment penalty of $11.6 million related to the termination of its existing senior secured notes. The refinancing is expected to yield $1.7 million of annual interest expense savings through 2023.