July 25, 2014 3:21 AM ET

Media

Company Overview of National CineMedia LLC

Company Overview

National CineMedia, LLC sells in-theatre and online advertising, and promotions in North America. The company It develops, produces, sells, and distributes various versions of FirstLook, an advertising pre-show on theatre screens; and advertising programming on its lobby entertainment network. It also sells other forms of advertising and promotions in theatre lobbies; across its online network; and on Movie Night Out and FirstLookSync mobile apps. The company was founded in 2005 and is headquartered in Centennial, Colorado.

9110 East Nichols Avenue

Suite 200

Centennial, CO 80112

United States

Founded in 2005

602 Employees

Phone:

303-792-3600

Key Executives for National CineMedia LLC

Chairman
Age: 54
Chief Operations Officer
Age: 65
Chief Marketing Officer and President of Sales
Age: 52
Executive Vice President
Age: 63
Chief Risk Officer
Age: 51
Compensation as of Fiscal Year 2014.

National CineMedia LLC Key Developments

NCM LLC Amends Senior Secured Credit Facility

NCM LLC has amended its senior secured credit facility. The company received committed financing with certain existing NCM revolving credit facility lenders for a $250 million term loan, which is expected to finance the $225 million portion of the planned acquisition of cinema advertising company Screenvision for $375 million. NCM on June 18 expanded the borrowing capacity of its revolving credit facility by $25 million, to a total of $149 million. In addition, NCM on July 2 entered into an amendment to its senior secured credit facility that extends the maturity date of $135 million of NCM's revolving credit facility by two years to Nov. 26, 2019.

National CineMedia LLC Amends Credit Facility

National CineMedia Inc.'s consolidated subsidiary, National CineMedia, LLC entered into an amendment (the amendment) of its senior secured credit facility, by and among NCM LLC, Barclays Bank PLC, as administrative agent, and certain lenders party thereto, dated as of February 13, 2007, as amended (as further amended by the amendment, the Amended credit facility). The amended credit facility consists of a $270 million term loan facility and a $149 million revolving credit facility. The revolving credit facility had been previously increased by $25 million to $149 million through an incremental amendment. Effective July 2, 2014, the maturity date applicable to $135 million of the revolving credit facility was extended by two years to November 26, 2019, which corresponds to the maturity date of the $270 million term loans. The maturity date applicable to the remaining $14 million of the revolving credit facility continues to be December 31, 2014. The Amendment also contains certain amendments (Conditional Amendments) to the senior secured credit facility that will only be effective upon the contribution of the Screenvision, LLC (Screenvision) assets and NCM Inc.debt (as described below) to NCM LLC. As previously announced, NCM Inc. entered into an Agreement and Plan of Merger (the Merger Agreement) to merge with Screenvision for $375 million ($225 million in cash and $150 million in shares of NCM Inc. common stock). The $225 million in cash and transaction expenses will be funded by a new NCM Inc. debt facility. In contemplation of the merger with Screenvision, NCM Inc. entered into a Commitment and Engagement Letter(the Commitment Letter) with certain existing revolving credit facility lenders. Under the Commitment Letter,subject to certain conditions, the lenders committed to make a term loan in an aggregate principal amount of $250 million to fund the Screenvision merger and related expenses. This term loan is expected to finance the $225 million portion of the merger consideration that will be paid in cash, along with fees and expenses incurred in connection with the term loan and the merger. The term loan will mature on the second anniversaryof the funding of the term loan. NCM Inc. has the right to contribute the Screenvision assets and the $250 million loan to NCM LLC, at which point, the Conditional Amendments to the amended credit facility described above, will become effective. In addition, on June 18, 2014, NCM LLC entered into an incremental amendment of its senior secured credit facility that increased the amount of the revolving credit commitment under such facility by $25 million, for an aggregate revolving credit commitment of $149 million.

National CineMedia Announces Amendments to Existing Credit Facility and New Financing Commitments to Complete Merger with Screenvision

National CineMedia LLC and National CineMedia Inc. announced that NCM LLC has amended its senior secured credit facility and that NCM Inc. has obtained commitments to finance its merger with Screenvision. The company received committed financing with certain existing NCM LLC revolving credit facility lenders for an aggregate $250 million term loan for the Screenvision merger. The company previously announced its plans to merge with Screenvision for $375 million ($225 million in cash and $150 million in shares of NCM Inc. common stock). The NCM Inc. term loan is expected to finance the $225 million portion of the merger consideration that will be paid in cash, along with fees and expenses incurred in connection with the term loan and merger. The merger is subject to regulatory approvals and the satisfaction of other customary closing conditions.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 6, 2013
National CineMedia, LLC, Fathom Events Business
 

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