Regal Entertainment postpones offering of $250 million of senior notes
By APTuesday, May 18, 2010
Regal Entertainment postpones note offering
KNOXVILLE, Tenn. — Regal Entertainment Group, the nation’s largest movie theater chain, said Monday in has postponed a planned public offering of $250 million of notes by its subsidiary, Regal Cinemas Corp., due to “unfavorable market conditions.”
The notes are 8.625 percent senior notes due 2019.
The company did not say when it plans to reschedule the offering.
Shares fell 19 cents to $16.01 in after-hours trading. The stock had closed up 19 cents at $16.20.
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