Daily News: November 9, 2012

National CineMedia Engages Barclays, Others for Refinancing

National CineMedia (NCM) announced that it has engaged Barclays, J.P. Morgan, Credit Suisse, Macquarie and Morgan Stanley to arrange a refinancing of its existing senior secured credit facility. Under the proposed refinancing, NCM is seeking to replace its existing $225 million term loan with a new seven-year, $265 million term loan. NCM also seeks to increase the capacity under its revolving credit facility by $5 million and extend the maturity by seven months.

Upon completion of the proposed refinancing, and payment of costs and expenses, NCM intends to use any excess proceeds to pay-off its current interest rate swap arrangements, make affiliate payments and to use for general corporate purposes. There can be no assurance that the refinancing or other transactions will be completed.

NCM operates NCM Media Networks, a media company that reaches consumers in movie theaters, online and through mobile technology.