UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): July 10 , 2009
Regal Entertainment Group
(Exact Name of Registrant as Specified in Charter)
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Delaware |
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001-31315 |
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02-0556934 |
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(State or Other Jurisdiction of Incorporation) |
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(Commission File Number) |
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(IRS Employer Identification No.) |
7132 Regal Lane, Knoxville, Tennessee 37918
(Address of Principal Executive Offices) (Zip Code)
Registrants telephone number, including area code: 865 -922-1123
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On July 9, 2009, Regal Entertainment Group issued a press release announcing that its indirect wholly-owned subsidiary, Regal Cinemas Corporation (the Company), planned to offer $300 million aggregate principal amount of senior notes due 2019 (the Notes) through a private placement. The press release relating to the Notes was filed on Form 8-K by the Company on July 9, 2009. Subsequent to the press release issuance, the offering of the Notes was increased to $400 million aggregate principal amount.
On July 10, 2009, the Company issued a press release announcing that it had priced $400 million aggregate principal amount Notes. The Notes will have an interest rate of 8.625% per annum and will be issued at a price equal to 97.561% of their face value. The Company intends to use all of the net proceeds of the offering to repay a portion of its existing credit facility.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit No. |
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Exhibit Description |
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99.1 |
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Regal Entertainment Group Press Release dated July 10, 2009 |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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REGAL ENTERTAINMENT GROUP |
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Date: July 10, 2009 |
By: |
/s/ David H. Ownby |
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Name: |
David H. Ownby |
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Title: |
Chief Financial Officer |
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EXHIBIT INDEX
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Exhibit No. |
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Exhibit Description |
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99.1 |
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Regal Entertainment Group Press Release dated July 10, 2009 |
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Exhibit 99.1
Regal Entertainment Group Announces Pricing
of $400 Million of Senior Notes of Regal Cinemas Corporation
Knoxville, Tennessee July 10, 2009 Regal Entertainment Group (NYSE: RGC) announced today that its indirect wholly-owned subsidiary, Regal Cinemas Corporation (the Company), has priced its previously announced offering of $400 million aggregate principal amount of 8.625% senior notes due 2019 (the Notes). The Notes will be guaranteed by Regal Entertainment Group and all of the Companys subsidiaries that guarantee the Companys existing credit facility. The Company anticipates that the offering will close on July 15, 2009, subject to customary closing conditions.
The Company i ntends to use all of the net proceeds of the offering to repay a portion of its existing cre dit facility .
The Notes are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the Securities Act), and outside the United States, only to non-U.S. investors pursuant to Regulation S. The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities. Any offers of the securities will be made only by means of a private offering circular.
Forward-looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements included herein, other than statements of historical fact, may constitute forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Important factors that could cause actual results to differ materially from the Companys expectations are disclosed in the risk factors contained in the Companys 2008 Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 2, 2009. All forward-looking statements are expressly qualified in their entirety by such factors.
About Regal Entertainment Group
Regal Entertainment Group (NYSE: RGC) is the largest motion picture exhibitor in the world. The Companys theatre circuit, comprising Regal Cinemas, United Artists Theatres and Edwards Theatres, operates 6,782 screens in 549 locations in 39 states and the District of Columbia. Regal operates theatres in all of the top 33 and 44 of the top 50 U.S. designated market areas. We believe that the size, reach and quality of the Companys theatre circuit not only provide its patrons with a convenient and enjoyable
movie-going experience, but is also an exceptional platform to realize economies of scale in theatre operations.
Additional information is available on the Companys Web site at www.REGmovies.com.
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Financial Contact: |
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Media Contacts: |
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Don De Laria |
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Dick Westerling |
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Regal Entertainment Group |
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Regal Entertainment Group |
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Vice President Investor Relations |
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Senior Vice President - Marketing |
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865-925-9685 |
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865-925-9539 |
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don.delaria@REGmovies.com |
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dick.westerling@REGmovies.com |