Company Overview of Cinemark USA, Inc.
Cinemark USA, Inc., together with its subsidiaries, engages in the motion picture exhibition activities. As of December 31, 2011, it operated 456 theatres and 5,152 screens in the United States and Latin America. The company was founded in 1984 and is headquartered in Plano, Texas. Cinemark USA, Inc. operates as a subsidiary of Cinemark Holdings Inc.
3900 Dallas Parkway
Plano, TX 75093-7865
Founded in 1984
Key Executives for Cinemark USA, Inc.
Senior Vice President and General Counsel
Senior Vice President of Real Estate
Compensation as of Fiscal Year 2013.
Cinemark USA, Inc. Key Developments
Lawyers for Ashley Moser Files Lawsuit in U.S. District Court in Denver Against Cinemark Holdings Inc., Cinemark USA, Inc. and Century Theatres Inc
Jul 26 13
Lawyers for Ashley Moser filed the wrongful-death lawsuit in U.S. District Court in Denver against Cinemark Holdings Inc., Cinemark USA Inc. and Century Theatres Inc., of Plano, Texas. The lawsuit lists crimes at theaters around the country and says Cinemark should have known violence could
happen at its theater in Aurora on July 20, 2012, when a gunman killed 12 people and injured 70 others. It says Cinemark failed to hire armed security officers.
Cinemark USA, Inc. Announces Completion of Early Redemption of $470 Million of 8.625% Senior Notes Due 2019
Jun 24 13
Cinemark USA, Inc. completed the early redemption of 100% of its $470 Million of 8.625% Senior Notes due 2019. The company used the net proceeds from its sale of $530 Million of 4.875% Senior Notes due 2023, which closed May 24, 2013, together with cash on hand, to finance the early redemption and related premium of its $470 Million of 8.625% Senior Notes due 2019 for an aggregate purchase price of approximately $526.6 Million.
Cinemark USA, Inc. Completes an Offering of $530 Million Aggregate Principal Amount of 4.875% Senior Notes Due 2023
May 29 13
On May 24, 2013, Cinemark USA, Inc. completed an offering of $530 million aggregate principal amount of 4.875% Senior Notes due 2023 to qualified institutional buyers in reliance on Rule 144A and to persons outside the United States in accordance with Regulation S under the Securities Act of 1933, as amended. The Notes are guaranteed by certain of its other subsidiaries. The net proceeds of the offering will be used to finance a redemption of Cinemark USA's outstanding 8.625% Senior Notes due 2019. The Notes will mature on June 1, 2023. Interest on the Notes accrues at a rate of 4.875% per annum and is payable semi-annually in arrears on June 1 and December 1 of each year, commencing on December 1, 2013. Cinemark USA is obligated to make each interest payment to the holders of record of the Notes as of the immediately preceding May 15 and November 15. Cinemark USA will have the option to redeem all or a portion of the Notes at any time on or after June 1, 2018 at redemption prices specified in the Indenture, plus accrued and unpaid interest on the Notes to the date of redemption. Prior to June 1, 2018, Cinemark USA has the option to redeem all or any part of the Notes at 100% of the principal amount, plus a make-whole premium, plus accrued and unpaid interest on the Notes to the date of redemption. At any time prior to June 1, 2016, Cinemark USA may also redeem up to 35% of the aggregate principal amount of Notes issued under the Indenture with the net proceeds of certain equity offerings at a redemption price equal to 104.875% of the principal amount of the Notes redeemed, plus accrued and unpaid interest, if any.
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