Cinemark’s $765 Million Senior Notes Offering

Simpson Thacher represented the initial purchasers, led by Wells Fargo Securities LLC, in the offering.

Cinemark USA, Inc. (“Cinemark”) executed its offering of $765 million aggregate principal amount of 5.25% Senior Notes due 2028.

Cinemark will use the net proceeds from the offering, together with cash on hand, to (i) fund the redemption of all outstanding 4.875% Senior Notes due 2023 and (ii) pay related fees and expenses.

Cinemark operated a total of 523 theaters and 5,872 screens in the United States and Latin America as of March 31, 2021.

The Simpson Thacher team for Wells Fargo Securities, LLC, Barclays Capital Inc., J.P. Morgan Securities LLC and RBC Capital Markets, LLC included Ken Wallach (Picture), David Azarkh and Benjamin Heriaud (Capital Markets); Benjamin Rippeon and William Smolinski (Tax); Jennie Getsin (Blue Sky); Jeanne Annarumma and J. Pasco Struhs (Executive Compensation and Employee Benefits); and Timothy Mulvihill (Environmental). Summer Associate Alicia Faison also provided valuable assistance.

Involved fees earner: Jeanne Annarumma – Simpson Thacher & Bartlett; David Azarkh – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Benjamin Heriaud – Simpson Thacher & Bartlett; Timothy Mulvihill – Simpson Thacher & Bartlett; Benjamin Rippeon – Simpson Thacher & Bartlett; William Smolinski – Simpson Thacher & Bartlett; Pasco Struhs – Simpson Thacher & Bartlett; Kenneth Wallach – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Barclays Capital ; J.P. Morgan Securities LLC; RBC Capital Markets; Wells Fargo Securities;

Author: Martina Bellini